COMSTOCK RESOURCES, INC. ANNOUNCES $100.5 MILLION INVESTMENT BY MAJORITY SHAREHOLDER [Yahoo! Finance]
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-irhome
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Source: Yahoo! Finance
shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company through two entities he controls. The Jones entities will acquire 12,500,000 shares of common stock in the private placement at a price of $8.036 per share, which represents the average of the closing prices for the five trading days ended March 20, 2024. Closing of the transaction is subject to customary closing conditions. Following the equity investment, Jerry Jones will own approximately 67% of the Company's common shares outstanding, up from 65% before this equity investment. Comstock will use the proceeds from the equity investment to pay down bank debt which was partially incurred to fund several recently completed acquisitions of 200,000 net undeveloped acres in Comstock's Western Haynesville play for $58.7 million. About Comstock Resources: Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville S
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News
- Earnings Preview: Comstock Resources (CRK) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Comstock Resources, Inc. (NYSE: CRK) had its price target lowered by analysts at Stifel Nicolaus from $14.00 to $13.50. They now have a "buy" rating on the stock.MarketBeat
- Comstock Resources, Inc. (NYSE: CRK) had its price target lowered by analysts at Mizuho from $10.00 to $9.00. They now have an "underperform" rating on the stock.MarketBeat
- COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS DATE AND CONFERENCE CALL INFORMATIONGlobeNewswire
- Comstock Resources, Inc. (NYSE: CRK) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CRK
Earnings
- 2/13/24 - Miss
CRK
Sec Filings
- 4/9/24 - Form 8-K
- 4/2/24 - Form 8-K
- 4/2/24 - Form 8-K
- CRK's page on the SEC website