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Enter Symbol:
Comstock Resources, Inc. (CRK) [hlAlert]

down 92.14 %

Comstock Resources, Inc. (CRK) rated Buy with price target $55 by SMH Capital

Posted on: Monday,  Nov 17, 2008  9:25 AM ET by SMH Capital

SMH Capital rated Buy Comstock Resources, Inc. (NYSE: CRK) on 11/17/2008, when the stock price was $42.02. Since
then, Comstock Resources, Inc. has lost 92.15% as of 12/14/2015's recent price of $3.30.
If you would have followed this SMH Capital's recommendation on CRK, you would have lost 92.14% of your investment in 2583 days.

Comstock Resources, Inc. (Comstock) is engaged in the acquisition, development, production and exploration of oil and natural gas. The Company?s oil and gas operations are concentrated in east Texas/north Louisiana and south Texas regions. Its oil and natural gas properties have proved reserves of 581.7 billion cubic feet equivalent (Bcfe) as of December 31, 2008. Its consolidated proved oil and natural gas reserve base is 90% natural gas and 67% proved developed on a Bcfe basis as of December 31, 2008. In August 2008, Comstock divested its interests in its offshore oil and gas properties through the sale of Bois d?Arc Energy, Inc.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2008 9:25 AM Buy
42.02 55.00
as of 12/24/2008
1 Week down  -5.92 %
1 Month down  -1.03 %
3 Months down  -22.48 %
1 YTD down  -22.48 %

(*) Stock Price at the time of the recommendation.
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