Comstock Resources CRK shares are trading higher on Tuesday after Citigroup initiated coverage on the stock with a Buy rating and a price target of $8 per share.
Comstock Resources is an independent energy company operating primarily in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets.
It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are primarily concentrated in Louisiana, Texas and North Dakota.
Comstock Resources shares were trading up 9.46% at $5.09 on Tuesday. The stock has a 52-week high of $10.70 and low of $4.05.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
