Comstock Resources, Inc. (NYSE:CRK) Director Sells $156,200.00 in Stock

Comstock Resources, Inc. (NYSE:CRK) Director Elizabeth B. Davis sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.62, for a total transaction of $156,200.00. Following the completion of the transaction, the director now directly owns 143,781 shares of the company’s stock, valued at approximately $2,245,859.22. The trade was a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Comstock Resources Price Performance

Shares of NYSE:CRK opened at $16.79 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. The stock has a market cap of $4.91 billion, a PE ratio of -93.27 and a beta of 0.57. The company’s fifty day moving average is $13.93 and its 200 day moving average is $11.77. Comstock Resources, Inc. has a 52 week low of $7.07 and a 52 week high of $17.79.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $304.50 million during the quarter, compared to analysts’ expectations of $308.75 million. Comstock Resources had a negative return on equity of 3.88% and a negative net margin of 4.93%. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. Research analysts anticipate that Comstock Resources, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRK shares. Bank of America began coverage on Comstock Resources in a research note on Monday, October 28th. They set a “buy” rating and a $14.00 price objective for the company. BMO Capital Markets boosted their price objective on Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Citigroup raised their target price on shares of Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, December 6th. Truist Financial boosted their price target on shares of Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Finally, Siebert Williams Shank cut shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.78.

Institutional Trading of Comstock Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Comstock Resources in the third quarter worth $25,000. Sunbelt Securities Inc. grew its holdings in Comstock Resources by 140.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after acquiring an additional 1,400 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Comstock Resources in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its holdings in Comstock Resources by 2,533.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 3,446 shares during the period. Finally, Choreo LLC bought a new position in shares of Comstock Resources during the second quarter valued at approximately $105,000. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.