Pullen Investment Management LLC Boosts Holdings in Comstock Resources, Inc. (NYSE:CRK)

Pullen Investment Management LLC raised its stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,296 shares of the oil and gas producer's stock after purchasing an additional 28,251 shares during the period. Pullen Investment Management LLC's holdings in Comstock Resources were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRK. GF Fund Management CO. LTD. purchased a new position in shares of Comstock Resources in the fourth quarter valued at approximately $501,000. PharVision Advisers LLC acquired a new position in Comstock Resources in the 4th quarter valued at $295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Comstock Resources by 19.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,725 shares of the oil and gas producer's stock valued at $2,692,000 after purchasing an additional 24,320 shares in the last quarter. Vident Advisory LLC boosted its stake in Comstock Resources by 23.4% during the 4th quarter. Vident Advisory LLC now owns 32,760 shares of the oil and gas producer's stock worth $597,000 after purchasing an additional 6,211 shares during the last quarter. Finally, Texas Bank & Trust Co purchased a new stake in shares of Comstock Resources during the fourth quarter worth $288,000. Institutional investors and hedge funds own 36.13% of the company's stock.

Comstock Resources Trading Down 0.8%

NYSE:CRK traded down $0.19 on Friday, reaching $23.29. The company's stock had a trading volume of 576,663 shares, compared to its average volume of 2,559,363. Comstock Resources, Inc. has a 12-month low of $7.74 and a 12-month high of $24.70. The stock has a 50 day moving average price of $20.72 and a 200 day moving average price of $18.78. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of -30.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. 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 posted its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $512.85 million for the quarter, compared to analysts' expectations 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 for the quarter 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. On average, equities analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley reissued 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. Piper Sandler reissued an "underweight" rating and issued a $12.00 target price (up from $6.00) on shares of Comstock Resources in a research note on Tuesday, May 13th. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Bank of America increased their price target on Comstock Resources from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Mizuho boosted their price objective on Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.15.

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.