M Jay Allison Acquires 120,000 Shares of Comstock Resources, Inc. (CRK) Stock
Comstock Resources, Inc. (NYSE:CRK) CEO M Jay Allison purchased 120,000 shares of Comstock Resources stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $6.53 per share, for a total transaction of $783,600.00. Following the transaction, the chief executive officer now directly owns 520,130 shares of the company’s stock, valued at $3,396,448.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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 bought at an average price of $6.17 per share, with a total value of $252,970.00.
Comstock Resources, Inc. (CRK) traded down $0.24 during mid-day trading on Wednesday, reaching $6.74. 433,052 shares of the company traded hands, 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 current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of -3.32.
CRK has been the subject of several research reports. Stifel Nicolaus set a $12.00 price objective on shares of Comstock Resources and gave the company a “buy” rating in a research report on Monday, August 14th. ValuEngine lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Barclays lowered their target price on shares of 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 restated 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 shares of Comstock Resources and gave the stock a “buy” rating in a report on Friday, November 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.40.
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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.
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