Dimensional Fund Advisors LP Boosts Stock Holdings in Comstock Resources, Inc. (NYSE:CRK)

Dimensional Fund Advisors LP increased its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,297,863 shares of the oil and gas producer's stock after acquiring an additional 227,638 shares during the period. Dimensional Fund Advisors LP owned about 4.55% of Comstock Resources worth $242,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRK. Bank of Montreal Can raised its position in Comstock Resources by 1.9% during the 4th quarter. Bank of Montreal Can now owns 40,983 shares of the oil and gas producer's stock valued at $747,000 after purchasing an additional 772 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Comstock Resources during the 4th quarter valued at $27,000. Natixis Advisors LLC raised its position in Comstock Resources by 6.6% during the 4th quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer's stock valued at $470,000 after purchasing an additional 1,585 shares in the last quarter. KBC Group NV raised its position in Comstock Resources by 46.8% during the 4th 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, Smartleaf Asset Management LLC raised its position in Comstock Resources by 225.2% during the 4th 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 in the last quarter. 36.13% of the stock is owned by institutional investors.

Comstock Resources Stock Performance

CRK stock traded up $0.02 during trading on Friday, reaching $18.38. The company had a trading volume of 1,663,603 shares, compared to its average volume of 2,666,427. The firm has a 50-day simple moving average of $18.99 and a 200-day simple moving average of $17.13. The company has a market cap of $5.38 billion, a price-to-earnings ratio of -24.18, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. 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 $22.06.

Comstock Resources (NYSE:CRK - Get Free Report) last posted 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 net margin of 18.32% and a negative return on equity of 3.10%. The company had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. As a group, sell-side analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRK has been the subject of a number of analyst reports. Truist Financial upped their price objective on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a report on Saturday, April 19th. Williams Trading set a $13.00 price target on shares of Comstock Resources in a report on Wednesday, March 5th. Piper Sandler raised their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley restated a "cautious" rating and issued a $22.00 price target (up from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.23.

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.