CenterBook Partners LP Takes $886,000 Position in Comstock Resources, Inc. (NYSE:CRK)

CenterBook Partners LP bought a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,634 shares of the oil and gas producer's stock, valued at approximately $886,000.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of Comstock Resources by 140.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock worth $27,000 after purchasing an additional 1,400 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Comstock Resources during the 4th quarter worth $27,000. Smartleaf Asset Management LLC increased its position 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 worth $64,000 after purchasing an additional 2,326 shares during the period. KBC Group NV raised 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 valued at $118,000 after purchasing an additional 2,066 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Comstock Resources during the third quarter worth about $169,000. 36.13% of the stock is owned by institutional investors and hedge funds.

Comstock Resources Stock Up 1.2 %

Comstock Resources stock traded up $0.24 during mid-day trading on Thursday, reaching $19.95. The stock had a trading volume of 647,377 shares, compared to its average volume of 2,698,446. 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 fifty-two week low of $7.74 and a fifty-two week high of $22.06. The stock's 50-day simple moving average is $18.94 and its 200-day simple moving average is $16.71. The firm has a market capitalization of $5.84 billion, a PE ratio of -26.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $370.62 million. On average, sell-side analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRK has been the subject of several recent analyst reports. Piper Sandler upped their target price on Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Morgan Stanley restated a "cautious" rating and set a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. StockNews.com upgraded Comstock Resources to a "sell" rating in a research report on Friday, April 4th. Williams Trading set a $13.00 target price on shares of Comstock Resources in a report on Wednesday, March 5th. Finally, 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 report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.73.

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.