Comstock Resources traded at $15.07 this Friday May 15th, increasing $0.19 or 1.28 percent since the previous trading session. Looking back, over the last four weeks, Comstock Resources gained 11.35 percent. Over the last 12 months, its price fell by 37.86 percent. Looking ahead, we forecast Comstock Resources to be priced at 13.81 by the end of this quarter and at 12.97 in one year, according to Trading Economics global macro models projections and analysts expectations.
Comstock Resources, Inc. is an independent natural gas producer. The Company is primarily focusing in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with economics and geographical proximity to the Gulf Coast markets. The Company is focused on the development of the Haynesville and Bossier shales. It owns interests in approximately 1,176 producing wells and operates over 734 of these wells in the Haynesville and Bossier shales in North Louisiana and East Texas. It also owns interests in approximately 903 producing wells and operates over 637 of these wells, which is located in the Cotton Valley formations in East Texas and North Louisiana. The Company owns interests in approximately 2,864 producing oil and natural gas wells and operate 1,480 of these wells.