Comstock Resources Inc (NYSE:CRK)’s share price traded up 6.7% during trading on Monday . The company traded as high as $5.75 and last traded at $5.72, 359,874 shares were traded during mid-day trading. A decline of 2% from the average session volume of 365,987 shares. The stock had previously closed at $5.36.
A number of equities research analysts have commented on the company. Capital One Financial raised Comstock Resources from an “underweight” rating to an “equal weight” rating in a report on Thursday, May 23rd. B. Riley initiated coverage on Comstock Resources in a research note on Monday, May 20th. They set a “neutral” rating and a $6.50 price target for the company. Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, ValuEngine downgraded Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd.
The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.68 and a current ratio of 0.66. The firm has a 50 day moving average price of $5.85 and a 200-day moving average price of $6.09.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $128.12 million for the quarter, compared to analyst estimates of $127.90 million. Comstock Resources had a return on equity of 12.24% and a net margin of 16.09%. Research analysts forecast that Comstock Resources Inc will post 0.72 earnings per share for the current fiscal year.
In other news, major shareholder Star Exploration Corp Blue purchased 50,000,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was acquired at an average price of $6.00 per share, with a total value of $300,000,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. CWM LLC purchased a new stake in Comstock Resources during the 1st quarter worth about $435,000. Dimensional Fund Advisors LP purchased a new stake in Comstock Resources during the 4th quarter worth about $181,000. Millennium Management LLC increased its position in Comstock Resources by 136.2% during the 4th quarter. Millennium Management LLC now owns 27,096 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 15,626 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Comstock Resources during the 1st quarter worth about $69,000. Finally, Squarepoint Ops LLC purchased a new stake in Comstock Resources during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 5.99% of the company’s stock.
Comstock Resources Company Profile (NYSE:CRK)
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
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