Comstock Resources Inc (CRK) Files Form 4 Insider Selling : Carl H Westcott Sells 1,200 Shares

Comstock Resources Inc (CRK): Carl H Westcott , 10% owner of Comstock Resources Inc sold 1,200 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $0.71 per share for a total value of $850.56 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 23, 2015, Russell W Romoser (VP of Reservoir Engineering) sold 1,000 shares at $1.86 per share price.On Dec 23, 2015, Daniel K Presley (VP of Accounting) sold 4,000 shares at $1.84 per share price.Also, On Sep 2, 2015, Frederic D Sewell (director) purchased 10,000 shares at $2.80 per share price.On Aug 17, 2015, Larae Lynn Sanders (Vice President of Land) purchased 2,500 shares at $3.12 per share price.

Shares of Comstock Resources Inc (CRK) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.059 points or -8.68% at $0.621 with 10,40,981 shares getting traded. Post opening the session at $0.66, the shares hit an intraday low of $0.61 and an intraday high of $0.7 and the price vacillated in this range throughout the day. The company has a market cap of $38 M and the number of outstanding shares has been calculated to be 6,08,89,146 shares. The 52-week high of Comstock Resources Inc is $4.17 and the 52-week low is $0.61.

Comstock Resources Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Comstock Resources Inc is Downgraded by Imperial Capital to In-line while Lowering the Price Target of the company shares to $ 0.75 from a previous price target of $1.50 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 3, 2016.Comstock Resources Inc is Reiterated by Imperial Capital to Outperform while Lowering the Price Target of the company shares to $ 1.50 from a previous price target of $2.25 . The Rating was issued on Feb 26, 2016.

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’s oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 81294 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 31459 acres located in the oil window of the Eagle Ford shale in South Texas. The Company also has approximately 35322 acres in the oil window of the Eagle Ford shale in or near Burleson County Texas. It has approximately 91208 acres in Mississippi and Louisiana. The Company owns interests in around 1596 producing oil and natural gas wells and operates 962 of these wells.

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