Aptus Capital Advisors LLC Buys Shares of 192,023 Comstock Resources, Inc. (NYSE:CRK)

Aptus Capital Advisors LLC bought a new stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 192,023 shares of the oil and gas producer's stock, valued at approximately $3,499,000. Aptus Capital Advisors LLC owned approximately 0.07% of Comstock Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. VSM Wealth Advisory LLC acquired a new stake in Comstock Resources in the 4th quarter valued at about $27,000. Sterling Capital Management LLC increased its holdings in shares of Comstock Resources by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock valued at $54,000 after purchasing an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Comstock Resources by 225.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 2,326 shares in the last quarter. Quarry LP bought a new position in Comstock Resources in the 4th quarter worth approximately $70,000. Finally, KBC Group NV lifted its holdings in Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after buying an additional 2,066 shares in the last quarter. 36.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRK. Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. UBS Group began coverage on Comstock Resources in a report on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price objective for the company. Morgan Stanley restated a "cautious" rating and set a $22.00 target price (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. Piper Sandler lifted their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Finally, Truist Financial raised their price objective on shares of Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Comstock Resources currently has a consensus rating of "Hold" and an average price target of $14.23.

Comstock Resources Trading Up 3.4 %

Shares of Comstock Resources stock traded up $0.76 during trading hours on Friday, hitting $23.33. The company's stock had a trading volume of 1,752,410 shares, compared to its average volume of 2,643,942. The company has a market capitalization of $6.83 billion, a PE ratio of -30.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The stock has a 50 day moving average of $19.33 and a 200 day moving average of $17.71. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $23.38.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The business had revenue of $512.85 million during the quarter, compared to analysts' expectations of $408.99 million. During the same period in the prior year, the business earned ($0.03) EPS. Comstock Resources's revenue for the quarter was up 52.7% compared to the same quarter last year. Analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.