16,171 Shares in Comstock Resources, Inc. (NYSE:CRK) Bought by PharVision Advisers LLC

PharVision Advisers LLC bought a new stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,171 shares of the oil and gas producer's stock, valued at approximately $295,000.

A number of other institutional investors have also bought and sold shares of CRK. Raymond James Financial Inc. acquired a new position in shares of Comstock Resources in the 4th quarter valued at about $11,891,000. Corigliano Investment Advisers LLC bought a new stake in Comstock Resources in the fourth quarter worth approximately $11,450,000. Susquehanna Fundamental Investments LLC acquired a new position in Comstock Resources in the fourth quarter valued at approximately $6,349,000. Marshall Wace LLP acquired a new position in Comstock Resources in the fourth quarter valued at approximately $6,329,000. Finally, Edgestream Partners L.P. bought a new position in shares of Comstock Resources during the 4th quarter worth approximately $4,430,000. Institutional investors own 36.13% of the company's stock.

Comstock Resources Stock Performance

Shares of CRK opened at $23.38 on Thursday. The firm has a market capitalization of $6.85 billion, a P/E ratio of -30.76, a P/E/G ratio of 1.65 and a beta of 0.14. Comstock Resources, Inc. has a 52 week low of $7.74 and a 52 week high of $24.48. The stock has a 50 day moving average price of $20.23 and a two-hundred day moving average price of $18.33. 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 (NYSE:CRK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $512.85 million during the quarter, compared to the consensus estimate of $408.99 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. Comstock Resources's revenue was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Equities analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho lifted their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley reaffirmed a "cautious" rating and issued a $22.00 price target (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. StockNews.com raised shares of Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. Finally, UBS Group began coverage on Comstock Resources in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price target on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.32.

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.

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