Insider Buying: Comstock Resources, Inc. (CRK) CEO Purchases 41,000 Shares of Stock
Comstock Resources, Inc. (NYSE:CRK) CEO M Jay Allison bought 41,000 shares of Comstock Resources stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $6.17 per share, with a total value of $252,970.00. Following the acquisition, the chief executive officer now directly owns 520,130 shares in the company, valued at $3,209,202.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
M Jay Allison also recently made the following trade(s):
- On Wednesday, December 6th, M Jay Allison bought 120,000 shares of Comstock Resources stock. The shares were bought at an average cost of $6.53 per share, with a total value of $783,600.00.
Shares of Comstock Resources, Inc. (NYSE:CRK) traded down $0.24 during midday trading on Wednesday, hitting $6.74. The stock had a trading volume of 433,052 shares, compared to its average volume of 325,371. Comstock Resources, Inc. has a 52 week low of $4.01 and a 52 week high of $13.42. 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 research analysts have weighed in on CRK shares. Stifel Nicolaus set a $12.00 target price on Comstock Resources and gave the company a “buy” rating in a report on Monday, August 14th. ValuEngine lowered Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Barclays reduced their target price on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a report on Monday, October 16th. Finally, Robert W. Baird set a $12.00 target price on Comstock Resources and gave the company a “buy” rating in a report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.40.
COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/06/insider-buying-comstock-resources-inc-crk-ceo-purchases-41000-shares-of-stock.html.
Comstock Resources Company Profile
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.
Receive News & Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.