Comstock Resources VP Sells $60,725 in Stock (CRK)
Comstock Resources (NYSE:CRK) VP Russell W. Romoser sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $24.29, for a total value of $60,725.00. Following the completion of the sale, the vice president now directly owns 33,639 shares of the company’s stock, valued at approximately $817,091. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on CRK shares. Analysts at Barclays raised their price target on shares of Comstock Resources from $28.00 to $34.00 in a research note on Wednesday, July 23rd. Analysts at Stifel Nicolaus raised their price target on shares of Comstock Resources from $30.00 to $33.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Comstock Resources presently has an average rating of “Buy” and an average price target of $26.82.
Comstock Resources (NYSE:CRK) traded up 1.25% on Friday, hitting $24.38. The stock had a trading volume of 787,549 shares. Comstock Resources has a 52 week low of $14.21 and a 52 week high of $29.49. The stock has a 50-day moving average of $24.75 and a 200-day moving average of $24.40. The company’s market cap is $1.167 billion.
Comstock Resources (NYSE:CRK) last released its earnings data on Monday, August 4th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $155.72 million for the quarter, compared to the consensus estimate of $149.91 million. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 44.3% on a year-over-year basis. Analysts expect that Comstock Resources will post $0.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, September 3rd.
Comstock Resources Inc (NYSE:CRK) is engaged in the acquisition, development, production and exploration of oil and natural gas.
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