SG Americas Securities LLC Reduces Stock Holdings in Comstock Resources, Inc. (NYSE:CRK)

SG Americas Securities LLC trimmed its position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,891 shares of the oil and gas producer's stock after selling 9,361 shares during the quarter. SG Americas Securities LLC's holdings in Comstock Resources were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRK. Bank of Montreal Can lifted its position in shares of Comstock Resources by 1.9% in the fourth quarter. Bank of Montreal Can now owns 40,983 shares of the oil and gas producer's stock valued at $747,000 after acquiring an additional 772 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Comstock Resources by 17.6% in the first 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. VSM Wealth Advisory LLC purchased a new stake in shares of Comstock Resources in the fourth quarter valued at $27,000. Natixis Advisors LLC lifted its position in shares of Comstock Resources by 6.6% in the fourth quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer's stock valued at $470,000 after acquiring an additional 1,585 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Comstock Resources by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,539 shares of the oil and gas producer's stock valued at $957,000 after acquiring an additional 1,793 shares in the last quarter. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRK shares. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Mizuho increased their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley reissued a "cautious" rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. Piper Sandler restated an "underweight" rating and issued a $12.00 target price (up from $6.00) on shares of Comstock Resources in a report on Tuesday, May 13th. Finally, Wolfe Research raised shares of Comstock Resources from a "peer perform" rating to an "outperform" rating and set a $34.00 price target for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.73.

Comstock Resources Trading Down 0.7%

Shares of NYSE CRK traded down $0.22 during midday trading on Friday, hitting $30.53. The stock had a trading volume of 3,760,795 shares, compared to its average volume of 2,509,967. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of -27.50 and a beta of 0.32. Comstock Resources, Inc. has a 1-year low of $7.74 and a 1-year high of $31.15. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.34. The company has a fifty day moving average price of $22.83 and a 200 day moving average price of $20.05.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $512.85 million for the quarter, compared to analyst estimates of $408.99 million. Comstock Resources had a negative return on equity of 0.67% and a negative net margin of 23.39%. The company's revenue was up 52.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS. On average, analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

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.