Comstock Resources Inc (CRK) CEO Acquires $100,000.00 in Stock

Comstock Resources Inc (NYSE:CRK) CEO M Jay Allison bought 12,500 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the transaction, the chief executive officer now directly owns 611,630 shares in the company, valued at $4,893,040. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

M Jay Allison also recently made the following trade(s):

  • On Monday, December 4th, M Jay Allison bought 41,000 shares of Comstock Resources stock. The shares were acquired at an average price of $6.17 per share, for a total transaction of $252,970.00.
  • On Wednesday, December 6th, M Jay Allison bought 120,000 shares of Comstock Resources stock. The shares were acquired at an average price of $6.53 per share, for a total transaction of $783,600.00.

Shares of Comstock Resources Inc (CRK) traded down $0.12 during trading hours on Thursday, hitting $7.98. The stock had a trading volume of 325,715 shares, compared to its average volume of 326,787. Comstock Resources Inc has a 52-week low of $4.01 and a 52-week high of $13.42. The stock has a market cap of $125.43, a price-to-earnings ratio of -0.90 and a beta of -0.46. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32.

A number of brokerages have recently issued reports on CRK. KeyCorp reiterated a “hold” rating on shares of Comstock Resources in a research report on Friday, November 24th. Robert W. Baird set a $12.00 target price on Comstock Resources and gave the company a “buy” rating in a research report on Friday, November 17th. Barclays decreased their target price on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $11.40.

A number of hedge funds have recently made changes to their positions in CRK. Russell Investments Group Ltd. lifted its holdings in Comstock Resources by 7.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock valued at $340,000 after purchasing an additional 3,345 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Comstock Resources by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock valued at $389,000 after purchasing an additional 10,480 shares in the last quarter. First Washington CORP purchased a new position in Comstock Resources in the 2nd quarter valued at $795,000. Northern Trust Corp lifted its holdings in Comstock Resources by 3.4% in the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Comstock Resources by 40.4% in the 2nd quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after purchasing an additional 180,935 shares in the last quarter. Institutional investors own 52.69% of the company’s stock.

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About Comstock Resources

Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.

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