Rafferty Asset Management LLC Sells 15,300 Shares of Comstock Resources, Inc. (NYSE:CRK)

Rafferty Asset Management LLC cut its stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,861 shares of the oil and gas producer's stock after selling 15,300 shares during the quarter. Rafferty Asset Management LLC's holdings in Comstock Resources were worth $2,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRK. ProShare Advisors LLC grew its position in Comstock Resources by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 27,809 shares of the oil and gas producer's stock valued at $507,000 after buying an additional 8,568 shares during the period. Man Group plc lifted its holdings in Comstock Resources by 31.4% during the fourth quarter. Man Group plc now owns 74,983 shares of the oil and gas producer's stock valued at $1,366,000 after purchasing an additional 17,937 shares in the last quarter. Numerai GP LLC purchased a new position in Comstock Resources during the fourth quarter valued at approximately $1,582,000. McGowan Group Asset Management Inc. purchased a new position in shares of Comstock Resources in the fourth quarter worth $252,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $957,000 after buying an additional 1,793 shares in the last quarter. 36.13% of the stock is currently owned by institutional investors.

Comstock Resources Price Performance

Comstock Resources stock traded up $0.52 during mid-day trading on Friday, reaching $23.74. 967,292 shares of the company's stock traded hands, compared to its average volume of 2,583,005. The company has a market cap of $6.95 billion, a price-to-earnings ratio of -31.24, a PEG ratio of 1.65 and a beta of 0.14. The stock has a 50 day moving average of $20.41 and a two-hundred day moving average of $18.57. 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, Inc. has a 12-month low of $7.74 and a 12-month high of $24.48.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating 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 business had revenue of $512.85 million for the quarter, compared to analysts' expectations of $408.99 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business's revenue was up 52.7% compared to the same quarter last year. Equities analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America boosted 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. Wall Street Zen raised shares of Comstock Resources to a "sell" rating in a report on Thursday, May 8th. UBS Group assumed coverage on shares of Comstock Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 target price on the stock. Morgan Stanley reissued a "cautious" rating and issued a $22.00 target price (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Finally, Williams Trading set a $13.00 target price on shares of Comstock Resources in a report on Wednesday, March 5th. Five 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 stock. Based on data from MarketBeat.com, Comstock Resources currently has a consensus rating of "Hold" and a consensus target price of $16.50.

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.