BlackRock Fund Advisors has recently announced that it has increased stake in Comstock Resources, Inc. (NYSE:CRK) by 2.39%. After grabbing 13.89 million shares, the institutional investor is now in possession of 0.32 million shares of the Energy Company. The new investment brought the stake of investor firm to 4.99% having worth around $122.93 million. Moreover, KGH Ltd. increased its share by 4.67 million to have a control over 8.59 million shares. And Dimensional Fund Advisors LP raised its holdings to 1.58 million shares by acquiring 6.31 million shares or 2.27% of the stake.
Comstock Resources, Inc. (CRK) concluded trading on Wednesday at a closing price of $8.22, with 4.38 million shares of worth about $35.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.35% during that period and On Wednesday, January 24 the price saw a gain of about 2.49%. Currently the company’s common shares owned by public are about 277.52M shares, out of which, 90.98M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 911,266 shares in 26 of the transactions. In 25 selling transactions, insiders dumped 161,562 shares.
SPDR S&P Oil & Gas Exploration &, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Comstock Resources, Inc. SPDR S&P Oil & Gas Exploration & is currently holding 7.68 million shares of worth totaling $68.0 million. The company recently came buying 0.16 million shares which brought its stake up to 2.76% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 6182.0 shares, after which its hold over company’s outstanding shares expand to 2.22%, leaving 6.18 million shares with the mutual fund that have a worth of about $54.72 million. Vanguard Total Stock Market ETF, after buying 3.14 million shares, have now control over 1.13% of the stake in the company. It holds 0.0 shares of worth $27.76 million.
However, the stock later moved at a day high price of 8.48, or with a gain of 2.49%. Stock saw a price change of 1.36% in past 5 days and over the past one month there was a price change of -9.97%. Year-to-date (YTD), CRK shares are showing a performance of -7.12% which decreased to -36.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.74 but also hit the highest price of $13.48 during that period. The average intraday trading volume for Comstock Resources, Inc. shares is 4.15 million. The stock is currently trading -5.33% below its 20-day simple moving average (SMA20), while that difference is down -12.51% for SMA50 and it goes to -24.06% lower than SMA200.
BlackRock Fund Advisors acquired 13.89 million shares of Comstock Resources, Inc. having value of about $122.93 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.32 million shares in the company valued at close to $2660970.18, or have control over 2.39% stake in the company. Comstock Resources, Inc. (NYSE: CRK) currently have 277.52M outstanding shares and institutions hold larger chunk of about 34.08% of that. Holding of mutual funds in the company is about 21.22% while other institutional holders and individual stake holders have control over 40.75% and 13.45% of the stake respectively.
The stock has a current market capitalization of $2.29B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 3.65, while it has posted earnings per share of $2.25 in the same period. Its PEG reads 0.18 and has Quick Ratio of 0.42 while making debt-to-equity ratio of 1.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRK, volatility over the week remained 3.25% while standing at 3.73% over the month.
Analysts are in expectations that Comstock Resources, Inc. (CRK) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $0.94 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -86.54% while it is estimated to increase by 57.56% in next year.
