GTS Securities LLC Sells 79,217 Shares of Comstock Resources, Inc. (NYSE:CRK)

GTS Securities LLC cut its stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,756 shares of the oil and gas producer's stock after selling 79,217 shares during the period. GTS Securities LLC's holdings in Comstock Resources were worth $487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Comstock Resources by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock valued at $242,301,000 after acquiring an additional 227,638 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Comstock Resources by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock worth $168,043,000 after buying an additional 126,380 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comstock Resources by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock valued at $27,436,000 after purchasing an additional 91,988 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Comstock Resources by 13.0% during the 4th quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer's stock valued at $14,201,000 after purchasing an additional 89,630 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Comstock Resources during the 4th quarter valued at about $11,891,000. 36.13% of the stock is owned by institutional investors and hedge funds.

Comstock Resources Price Performance

CRK traded down $0.19 on Friday, reaching $23.29. The stock had a trading volume of 1,464,539 shares, compared to its average volume of 2,561,038. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $24.70. The firm has a 50-day moving average of $20.78 and a 200-day moving average of $18.84. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of -30.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $512.85 million during 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 business's quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, sell-side analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Mizuho lifted their target price on Comstock Resources from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. 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 report on Friday, May 23rd. Morgan Stanley restated 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. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a research note on Thursday, May 8th. Finally, Williams Trading set a $13.00 target price on Comstock Resources in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.