Cooper Creek Partners Management LLC Sells 878,074 Shares of Comstock Resources, Inc. (NYSE:CRK)

Cooper Creek Partners Management LLC reduced its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,000,563 shares of the oil and gas producer's stock after selling 878,074 shares during the period. Cooper Creek Partners Management LLC owned about 0.68% of Comstock Resources worth $36,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Comstock Resources in the 4th quarter worth about $11,891,000. Edgestream Partners L.P. purchased a new stake in Comstock Resources in the fourth quarter worth approximately $4,430,000. Vanguard Group Inc. grew its position 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 worth $168,043,000 after purchasing an additional 126,380 shares during the period. Barclays PLC raised its stake in Comstock Resources by 256.3% during the 3rd quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock valued at $1,731,000 after buying an additional 111,934 shares during the last quarter. Finally, Disciplined Investors L.L.C. bought a new stake in shares of Comstock Resources in the fourth quarter worth $2,028,000. 36.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CRK shares. Morgan Stanley reaffirmed 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. Williams Trading set a $13.00 target price on shares of Comstock Resources in a research note on Wednesday, March 5th. Piper Sandler increased their price objective on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Comstock Resources to a "sell" rating in a research report on Friday, April 4th. Finally, Truist Financial lifted their target price on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Comstock Resources has an average rating of "Hold" and an average price target of $13.73.

Comstock Resources Trading Up 0.1 %

NYSE CRK traded up $0.02 during trading hours on Friday, hitting $19.73. 1,865,968 shares of the company were exchanged, compared to its average volume of 2,703,682. The stock has a market cap of $5.78 billion, a PE ratio of -25.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. Comstock Resources, Inc. has a 52 week low of $7.74 and a 52 week high of $22.06. The stock has a 50-day moving average price of $18.96 and a 200 day moving average price of $16.77. 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 issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The company had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Comstock Resources 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.