40,018 Shares in Comstock Resources, Inc. (NYSE:CRK) Acquired by Sig Brokerage LP

Sig Brokerage LP acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,018 shares of the oil and gas producer's stock, valued at approximately $729,000.

Other large investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new position in Comstock Resources during the 4th quarter worth $27,000. Sterling Capital Management LLC increased its position in Comstock Resources by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after buying an additional 2,631 shares during the period. Smartleaf Asset Management LLC increased its position in Comstock Resources by 225.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after buying an additional 2,326 shares during the period. Quarry LP bought a new position in Comstock Resources during the 4th quarter worth $70,000. Finally, KBC Group NV increased its position 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 during the period. Institutional investors own 36.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Williams Trading set a $13.00 price target on Comstock Resources in a research report on Wednesday, March 5th. UBS Group assumed coverage on Comstock Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price target on the stock. Morgan Stanley restated a "cautious" rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. Piper Sandler restated an "underweight" rating and issued a $12.00 price target (up previously from $6.00) on shares of Comstock Resources in a research report on Tuesday, May 13th. Finally, StockNews.com upgraded Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.32.

Comstock Resources Trading Down 2.3%

Shares of CRK stock traded down $0.56 during mid-day trading on Monday, reaching $23.69. 1,438,771 shares of the stock traded hands, compared to its average volume of 2,614,369. The stock's fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $18.25. Comstock Resources, Inc. has a 1-year low of $7.74 and a 1-year high of $24.48. The company has a market cap of $6.94 billion, a price-to-earnings ratio of -31.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 EPS for the quarter, beating 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 firm had revenue of $512.85 million for the quarter, compared to analyst estimates of $408.99 million. During the same period last year, the firm posted ($0.03) earnings per share. The business's revenue for the quarter was up 52.7% on a year-over-year basis. On average, research analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal 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.