Bokf Na Takes $2.58 Million Position in Comstock Resources, Inc. (NYSE:CRK)

BOKF NA purchased a new position in Comstock Resources, Inc. (NYSE:CRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,000 shares of the oil and gas producer's stock, valued at approximately $2,584,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC purchased a new stake in Comstock Resources in the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its stake in shares of Comstock Resources by 804.6% during 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 acquiring an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 during the period. Quarry LP bought a new position in Comstock Resources in the fourth quarter worth approximately $70,000. Finally, KBC Group NV grew its stake in Comstock Resources by 46.8% in the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after purchasing an additional 2,066 shares in the last quarter. Hedge funds and other institutional investors own 36.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CRK shares. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. UBS Group assumed coverage on Comstock Resources in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price target on the stock. Truist Financial upped their price objective on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Morgan Stanley reiterated a "cautious" rating and set a $22.00 target price (up from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Finally, Williams Trading set a $13.00 price target on shares of Comstock Resources in a report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.77.

Comstock Resources Stock Up 5.1%

NYSE:CRK traded up $1.17 during mid-day trading on Tuesday, hitting $23.99. 616,458 shares of the company's stock traded hands, compared to its average volume of 2,635,661. The company has a fifty day moving average of $19.40 and a 200 day moving average of $17.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $24.11. The company has a market capitalization of $7.03 billion, a P/E ratio of -31.57, a P/E/G ratio of 1.65 and a beta of 0.14.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $512.85 million for the quarter, compared to the consensus estimate of $408.99 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The company's revenue for the quarter was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Comstock Resources Company Profile

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.