Millennium Management LLC Sells 31,339 Shares of Comstock Resources, Inc. (NYSE:CRK)

Millennium Management LLC lowered its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 72.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,979 shares of the oil and gas producer's stock after selling 31,339 shares during the quarter. Millennium Management LLC's holdings in Comstock Resources were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Comstock Resources by 43.8% during the 4th quarter. Savant Capital LLC now owns 14,800 shares of the oil and gas producer's stock worth $270,000 after buying an additional 4,506 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Comstock Resources by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 439,470 shares of the oil and gas producer's stock valued at $8,007,000 after purchasing an additional 12,257 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Comstock Resources by 225.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock valued at $64,000 after acquiring an additional 2,326 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Comstock Resources during the fourth quarter worth $272,000. Finally, Charles Schwab Investment Management Inc. grew its position 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 worth $27,436,000 after buying an additional 91,988 shares during the period. 36.13% of the stock is owned by institutional investors.

Comstock Resources Price Performance

Comstock Resources stock traded up $1.68 during mid-day trading on Thursday, reaching $25.62. 2,394,859 shares of the company were exchanged, compared to its average volume of 2,541,018. The firm has a market cap of $7.50 billion, a PE ratio of -33.71, a PEG ratio of 1.65 and a beta of 0.32. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $25.70. The company has a fifty day simple moving average of $21.43 and a 200-day simple moving average of $19.39.

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, topping analysts' consensus estimates of $0.16 by $0.02. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The company had revenue of $512.85 million during the quarter, compared to the consensus estimate of $408.99 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. The firm's quarterly revenue was up 52.7% on a year-over-year basis. As a group, equities research analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRK shares. Morgan Stanley reissued a "cautious" rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Williams Trading set a $13.00 price objective on shares of Comstock Resources in a research report on Wednesday, March 5th. Wall Street Zen raised Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. UBS Group started coverage on shares of Comstock Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price objective for the company. Finally, Mizuho boosted their target price on Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.