Comstock Resources (NYSE:CRK) Reaches New 1-Year High at $9.49

Comstock Resources Inc (NYSE:CRK) shares reached a new 52-week high on Friday . The company traded as high as $9.49 and last traded at $9.39, with a volume of 84173 shares traded. The stock had previously closed at $8.50.

A number of research firms recently issued reports on CRK. B. Riley started coverage on shares of Comstock Resources in a research note on Monday, May 20th. They set a “neutral” rating and a $6.50 price target on the stock. ValuEngine downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. Finally, Capital One Financial raised shares of Comstock Resources from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 23rd.

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $6.22 and its 200-day simple moving average is $6.12.



Comstock Resources (NYSE:CRK) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.10). Comstock Resources had a return on equity of 12.24% and a net margin of 16.09%. The business had revenue of $128.12 million for the quarter, compared to the consensus estimate of $127.90 million. On average, equities analysts anticipate that Comstock Resources Inc will post 0.79 earnings per share for the current year.

In other Comstock Resources news, major shareholder Star Exploration Corp Blue bought 50,000,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were bought at an average cost of $6.00 per share, for a total transaction of $300,000,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CRK. Jane Street Group LLC bought a new stake in shares of Comstock Resources in the 2nd quarter valued at about $71,000. Hilltop Holdings Inc. boosted its holdings in shares of Comstock Resources by 30.0% in the 2nd quarter. Hilltop Holdings Inc. now owns 13,000 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 3,000 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Comstock Resources in the 2nd quarter valued at about $767,000. Vanguard Group Inc. boosted its holdings in shares of Comstock Resources by 12.4% in the 2nd quarter. Vanguard Group Inc. now owns 637,641 shares of the oil and gas producer’s stock valued at $3,552,000 after buying an additional 70,212 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Comstock Resources by 187.6% in the 2nd quarter. BlackRock Inc. now owns 1,087,908 shares of the oil and gas producer’s stock valued at $6,060,000 after buying an additional 709,665 shares in the last quarter. Institutional investors own 3.43% 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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