Comstock Resources (NYSE:CRK) Research Coverage Started at Tudor Pickering

Tudor Pickering assumed coverage on shares of Comstock Resources (NYSE:CRKGet Rating) in a research note released on Wednesday, Stock Target Advisor reports. The firm issued a hold rating on the oil and gas producer’s stock.

Several other research analysts also recently weighed in on CRK. Stifel Nicolaus increased their price target on Comstock Resources from $22.00 to $27.00 and gave the stock a buy rating in a research note on Monday, September 12th. StockNews.com started coverage on Comstock Resources in a research note on Wednesday, October 12th. They issued a hold rating for the company. KeyCorp started coverage on Comstock Resources in a research note on Monday, September 19th. They issued an overweight rating and a $26.00 target price for the company. Citigroup raised their target price on Comstock Resources from $17.00 to $24.00 and gave the stock a buy rating in a research note on Wednesday, September 21st. Finally, Mizuho cut their target price on Comstock Resources from $23.00 to $21.00 and set a buy rating for the company in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comstock Resources currently has a consensus rating of Hold and a consensus price target of $19.88.

Comstock Resources Stock Down 2.0 %

CRK stock opened at $17.59 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 5.11 and a beta of 1.35. Comstock Resources has a fifty-two week low of $6.88 and a fifty-two week high of $22.11. The stock has a fifty day moving average of $18.16 and a 200-day moving average of $17.02.

Comstock Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%.

Insider Activity

In other news, Director Jim L. Turner acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average cost of $18.34 per share, with a total value of $917,000.00. Following the acquisition, the director now owns 265,805 shares in the company, valued at approximately $4,874,863.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Morris E. Foster acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were bought at an average cost of $18.18 per share, with a total value of $145,440.00. Following the acquisition, the director now owns 152,084 shares in the company, valued at approximately $2,764,887.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jim L. Turner acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average cost of $18.34 per share, for a total transaction of $917,000.00. Following the completion of the acquisition, the director now owns 265,805 shares in the company, valued at approximately $4,874,863.70. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 122,000 shares of company stock worth $2,291,680. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comstock Resources

Large investors have recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in Comstock Resources in the 1st quarter worth approximately $146,000. SG Americas Securities LLC increased its stake in Comstock Resources by 23.3% in the 1st quarter. SG Americas Securities LLC now owns 34,284 shares of the oil and gas producer’s stock worth $447,000 after purchasing an additional 6,488 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Comstock Resources by 14.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,785,570 shares of the oil and gas producer’s stock worth $23,303,000 after purchasing an additional 219,670 shares during the period. Victory Capital Management Inc. increased its stake in Comstock Resources by 30.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,034,408 shares of the oil and gas producer’s stock worth $13,553,000 after purchasing an additional 239,736 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP increased its stake in Comstock Resources by 1.1% in the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 1,094,244 shares of the oil and gas producer’s stock worth $14,280,000 after purchasing an additional 11,558 shares during the period. 34.02% of the stock is owned by hedge funds and other institutional investors.

Comstock Resources Company Profile

(Get Rating)

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

See Also

Analyst Recommendations for Comstock Resources (NYSE:CRK)

Receive News & Ratings for Comstock Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources and related companies with MarketBeat.com's FREE daily email newsletter.