Mariner LLC Acquires 18,187 Shares of Comstock Resources, Inc. (NYSE:CRK)

Mariner LLC lifted its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,156 shares of the oil and gas producer's stock after purchasing an additional 18,187 shares during the quarter. Mariner LLC's holdings in Comstock Resources were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Comstock Resources during the 4th quarter valued at about $11,891,000. Edgestream Partners L.P. bought a new position in shares of Comstock Resources in the 4th quarter worth $4,430,000. Vanguard Group Inc. lifted its holdings in shares of Comstock Resources by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock worth $168,043,000 after acquiring an additional 126,380 shares during the last quarter. Barclays PLC grew its position in Comstock Resources by 256.3% in the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock worth $1,731,000 after acquiring an additional 111,934 shares in the last quarter. Finally, Disciplined Investors L.L.C. bought a new position in Comstock Resources in the fourth quarter valued at $2,028,000. Hedge funds and other institutional investors own 36.13% of the company's stock.

Comstock Resources Trading Up 2.1 %

NYSE CRK traded up $0.40 during trading on Friday, hitting $19.27. The company had a trading volume of 741,955 shares, compared to its average volume of 2,640,304. The company's fifty day moving average is $18.89 and its 200-day moving average is $17.24. Comstock Resources, Inc. has a one year low of $7.74 and a one year high of $22.06. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The company has a market cap of $5.64 billion, a price-to-earnings ratio of -25.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly 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. The company had revenue of $512.85 million during 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%. Comstock Resources's revenue was up 52.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, sell-side analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

CRK has been the subject of several research reports. 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 report on Monday, January 13th. UBS Group assumed coverage on shares of Comstock Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price target for the company. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research report on Saturday, April 19th. Morgan Stanley reiterated a "cautious" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Finally, Piper Sandler increased their target price on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $14.23.

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.