Shares of Comstock Resources Inc (NYSE:CRK) traded down 10.1% during mid-day trading on Thursday . The stock traded as low as $7.72 and last traded at $7.00. 552,748 shares changed hands during trading, an increase of 14% from the average session volume of 485,373 shares. The stock had previously closed at $7.79.
Several analysts have issued reports on the company. KeyCorp reissued a “hold” rating on shares of Comstock Resources in a report on Monday, October 16th. Robert W. Baird set a $12.00 price target on Comstock Resources and gave the company a “buy” rating in a report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.75.
The firm has a market capitalization of $111.70, a P/E ratio of -0.77 and a beta of -0.30. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Comstock Resources by 3.4% in the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after acquiring an additional 1,055 shares during the period. ACR Alpine Capital Research LLC bought a new position in shares of Comstock Resources in the third quarter worth about $304,000. Russell Investments Group Ltd. boosted its stake in shares of Comstock Resources by 22.7% in the third quarter. Russell Investments Group Ltd. now owns 59,041 shares of the oil and gas producer’s stock worth $359,000 after acquiring an additional 10,936 shares during the period. Citadel Advisors LLC boosted its stake in shares of Comstock Resources by 339.3% in the fourth quarter. Citadel Advisors LLC now owns 44,516 shares of the oil and gas producer’s stock worth $377,000 after acquiring an additional 34,383 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after acquiring an additional 10,480 shares during the period. 52.34% of the stock is owned by hedge funds and other institutional investors.
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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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