B. Riley Wealth Advisors Inc. Invests $137,000 in Comstock Resources, Inc. (NYSE:CRK)

Posted by Defense World Staff on Oct 25th, 2023

B. Riley Wealth Advisors Inc. acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,796 shares of the oil and gas producer’s stock, valued at approximately $137,000.

Several other large investors also recently modified their holdings of the stock. EA Series Trust acquired a new stake in shares of Comstock Resources during the 2nd quarter worth approximately $2,149,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Comstock Resources by 63.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 40,786 shares of the oil and gas producer’s stock worth $473,000 after purchasing an additional 15,823 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Comstock Resources by 1,481.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 302,436 shares of the oil and gas producer’s stock worth $3,508,000 after purchasing an additional 283,310 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Comstock Resources by 3,792.9% in the 2nd quarter. Fifth Third Bancorp now owns 20,827 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 20,292 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Comstock Resources by 4.2% in the 2nd quarter. Raymond James & Associates now owns 80,745 shares of the oil and gas producer’s stock worth $937,000 after purchasing an additional 3,259 shares in the last quarter. Institutional investors and hedge funds own 32.58% of the company’s stock.

Analyst Upgrades and Downgrades

CRK has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Comstock Resources from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Piper Sandler cut their target price on Comstock Resources from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, August 14th. Mizuho cut their target price on Comstock Resources from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. StockNews.com initiated coverage on Comstock Resources in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Truist Financial raised their price objective on Comstock Resources from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.75.

View Our Latest Stock Analysis on CRK

Comstock Resources Trading Up 0.5 %

NYSE CRK opened at $12.02 on Wednesday. The business’s fifty day moving average is $11.73 and its 200-day moving average is $11.22. Comstock Resources, Inc. has a one year low of $9.07 and a one year high of $21.17. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 3.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.37 and a quick ratio of 0.37.

Comstock Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, August 31st. Comstock Resources’s dividend payout ratio (DPR) is currently 14.41%.

Comstock Resources Company Profile

(Free Report)

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. The company was incorporated in 1919 and is based in Frisco, Texas.