Amundi Decreases Position in Comstock Resources, Inc. $CRK

Amundi decreased its holdings in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,043,376 shares of the oil and gas producer's stock after selling 41,989 shares during the quarter. Amundi owned 0.36% of Comstock Resources worth $21,431,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Comstock Resources by 129.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer's stock valued at $42,000 after acquiring an additional 1,170 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Comstock Resources in the 1st quarter valued at about $52,000. State of Wyoming bought a new position in Comstock Resources in the 1st quarter valued at about $126,000. GAMMA Investing LLC lifted its position in Comstock Resources by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer's stock valued at $138,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Emerald Advisers LLC bought a new position in Comstock Resources in the 1st quarter valued at about $158,000. Institutional investors own 36.13% of the company's stock.

Comstock Resources Stock Performance

Shares of CRK stock traded down $0.03 during trading hours on Friday, hitting $15.97. 1,928,045 shares of the company were exchanged, compared to its average volume of 2,135,736. The firm has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $20.57. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. Comstock Resources, Inc. has a 52-week low of $9.73 and a 52-week high of $31.17. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -66.54 and a beta of 0.27.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Comstock Resources had a negative net margin of 5.05% and a positive return on equity of 3.65%. The company had revenue of $470.26 million during the quarter, compared to analyst estimates of $431.82 million. During the same quarter last year, the business posted ($0.20) EPS. Comstock Resources's quarterly revenue was up 90.5% compared to the same quarter last year. Research analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Comstock Resources from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Wednesday, August 20th. Piper Sandler dropped their target price on shares of Comstock Resources from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Bank of America lifted their target price on shares of Comstock Resources from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Citigroup reissued a "neutral" rating and set a $27.00 target price (up previously from $22.00) on shares of Comstock Resources in a research report on Friday, June 13th. Finally, Wolfe Research raised shares of Comstock Resources from a "peer perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a research report on Tuesday, June 17th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $18.25.

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.