Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Capital Square LLC

Capital Square LLC reduced its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,253 shares of the oil and gas producer's stock after selling 17,647 shares during the period. Capital Square LLC's holdings in Comstock Resources were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Comstock Resources in the 4th quarter valued at about $11,891,000. Marshall Wace LLP purchased a new stake in shares of Comstock Resources during the fourth quarter worth approximately $6,329,000. Edgestream Partners L.P. acquired a new position in Comstock Resources in the 4th quarter valued at $4,430,000. Vanguard Group Inc. lifted its holdings in Comstock Resources by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock valued at $168,043,000 after purchasing an additional 126,380 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Comstock Resources by 256.3% during the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock worth $1,731,000 after buying an additional 111,934 shares in the last quarter. 36.13% of the stock is owned by hedge funds and other institutional investors.

Comstock Resources Stock Up 0.1 %

NYSE CRK traded up $0.01 during trading hours on Tuesday, hitting $18.65. 541,158 shares of the company were exchanged, compared to its average volume of 2,686,782. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of -24.56, a PEG ratio of 1.65 and a beta of 0.42. The company has a 50 day moving average of $19.00 and a two-hundred day moving average of $16.95. Comstock Resources, Inc. has a 52-week low of $7.74 and a 52-week high of $22.06.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $366.51 million for the quarter, compared to analysts' expectations of $370.62 million. Equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley reaffirmed a "cautious" rating and set a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. StockNews.com raised Comstock Resources to a "sell" rating in a research note on Saturday. Piper Sandler lifted their price target on Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Williams Trading set a $13.00 target price on shares of Comstock Resources in a research note on Wednesday, March 5th. Finally, Truist Financial increased their price target 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 two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $14.17.

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.