Comstock Resources, Inc. (NYSE:CRK)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $9.51 and last traded at $9.51, with a volume of 276 shares changing hands. The stock had previously closed at $9.08.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Tuesday, August 31st. Mizuho decreased their price objective on shares of Comstock Resources from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, August 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.67.
The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $2.21 billion, a PE ratio of -5.44 and a beta of 1.72. The business’s 50-day simple moving average is $6.61 and its 200-day simple moving average is $6.09.
Large investors have recently bought and sold shares of the company. Axiom Investment Management LLC purchased a new position in shares of Comstock Resources during the 1st quarter valued at approximately $57,000. XTX Topco Ltd purchased a new position in shares of Comstock Resources during the 1st quarter valued at approximately $69,000. American Century Companies Inc. grew its stake in Comstock Resources by 36.0% in the 2nd quarter. American Century Companies Inc. now owns 161,465 shares of the oil and gas producer’s stock valued at $1,077,000 after acquiring an additional 42,765 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Comstock Resources in the 1st quarter valued at $1,516,000. Finally, Dimensional Fund Advisors LP grew its stake in Comstock Resources by 118.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 404,221 shares of the oil and gas producer’s stock valued at $1,766,000 after acquiring an additional 218,771 shares during the period. 28.90% of the stock is owned by hedge funds and other institutional investors.
Comstock Resources Company Profile (NYSE:CRK)
Comstock Resources, Inc engages in the acquisition, development, and exploration of oil and natural gas. The firm operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas. The company was founded in 1919 and is headquartered in Frisco, TX.
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