12,817 Shares in Comstock Resources, Inc. (NYSE:CRK) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in Comstock Resources, Inc. (NYSE:CRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,817 shares of the oil and gas producer's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRK. Sterling Capital Management LLC boosted its holdings in Comstock Resources by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after buying an additional 2,631 shares during the period. Quarry LP purchased a new position in shares of Comstock Resources during the 4th quarter worth $70,000. GAMMA Investing LLC boosted its position in shares of Comstock Resources by 17.6% during the first quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer's stock worth $138,000 after acquiring an additional 1,017 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Comstock Resources in the 4th quarter worth about $194,000. Finally, Townsquare Capital LLC purchased a new position in shares of Comstock Resources in the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 36.13% of the company's stock.

Comstock Resources Stock Performance

Shares of CRK traded down $0.09 during trading hours on Friday, reaching $23.17. 1,489,285 shares of the company's stock traded hands, compared to its average volume of 2,497,240. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of -20.87 and a beta of 0.37. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.40 and a quick ratio of 0.40. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $31.17. The business's fifty day simple moving average is $24.95 and its two-hundred day simple moving average is $21.25.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings results 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 return on equity of 0.67% and a negative net margin of 23.39%. The business had revenue of $512.85 million during the quarter, compared to analyst estimates of $408.99 million. During the same quarter last year, the company posted ($0.03) EPS. Comstock Resources's revenue for the quarter was up 52.7% on a year-over-year basis. Analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRK has been the topic of a number of recent analyst reports. Bank of America increased their price target 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. Wolfe Research upgraded 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 note on Tuesday, June 17th. Piper Sandler reaffirmed 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. Mizuho boosted their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley restated a "cautious" rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.82.

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.