GF Fund Management CO. LTD. Makes New Investment in Comstock Resources, Inc. (NYSE:CRK)

GF Fund Management CO. LTD. bought a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,513 shares of the oil and gas producer's stock, valued at approximately $501,000.

Several other institutional investors have also recently bought and sold shares of CRK. VSM Wealth Advisory LLC acquired a new position in Comstock Resources during the fourth quarter worth about $27,000. Sterling Capital Management LLC raised its stake in Comstock Resources by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after acquiring an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Comstock Resources by 225.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 2,326 shares in the last quarter. Quarry LP acquired a new position in Comstock Resources during the fourth quarter worth about $70,000. Finally, KBC Group NV raised its stake in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after acquiring an additional 2,066 shares in the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Comstock Resources from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reaffirmed an "underweight" rating and issued a $12.00 price objective (up previously from $6.00) on shares of Comstock Resources in a research note on Tuesday, May 13th. Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. UBS Group assumed coverage on Comstock Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price objective for the company. Finally, Mizuho upped their price objective on Comstock Resources from $22.00 to $24.00 and gave the company 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 issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $17.15.

Comstock Resources Trading Down 1.2%

NYSE:CRK traded down $0.29 on Friday, reaching $23.19. 443,753 shares of the stock traded hands, compared to its average volume of 2,558,741. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of -30.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. The company's 50 day moving average is $20.72 and its 200-day moving average is $18.78. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. Comstock Resources, Inc. has a 1-year low of $7.74 and a 1-year high of $24.70.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $512.85 million for the quarter, compared to analysts' expectations of $408.99 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The company's revenue for the quarter was up 52.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. Equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Comstock Resources Company 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.