Comstock Resources Inc (NYSE:CRK) was the target of some unusual options trading activity on Monday. Investors acquired 996 put options on the company. This is an increase of approximately 643% compared to the average daily volume of 134 put options.
A number of equities research analysts recently weighed in on CRK shares. Robert W. Baird set a $12.00 price objective on shares of Comstock Resources and gave the company a “buy” rating in a research report on Friday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.75.
Comstock Resources (CRK) opened at $7.03 on Wednesday. Comstock Resources has a 1 year low of $4.01 and a 1 year high of $10.72. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32. The company has a market cap of $108.46, a PE ratio of -0.79 and a beta of -0.30.
In other Comstock Resources news, CEO M Jay Allison acquired 12,500 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was acquired at an average price of $8.00 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have purchased 173,500 shares of company stock valued at $1,136,570. Insiders own 11.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. bought a new position in Comstock Resources in the 3rd quarter worth about $430,000. ACR Alpine Capital Research LLC bought a new position in Comstock Resources in the 3rd quarter worth about $304,000. Vanguard Group Inc. grew its position 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 worth $4,443,000 after purchasing an additional 180,935 shares during the last quarter. First Washington CORP grew its position in Comstock Resources by 227.8% in the 3rd quarter. First Washington CORP now owns 368,562 shares of the oil and gas producer’s stock worth $2,241,000 after purchasing an additional 256,122 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 worth $389,000 after purchasing an additional 10,480 shares during the last quarter. Hedge funds and other institutional investors own 53.77% of the company’s stock.
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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