UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Comstock Resources, Inc. (NYSE:CRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,725 shares of the oil and gas producer's stock after acquiring an additional 24,320 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of Comstock Resources worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new position in Comstock Resources during the 4th quarter worth approximately $202,000. Sterling Capital Management LLC boosted its position in Comstock Resources by 804.6% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in Comstock Resources by 225.2% during the 4th 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 during the last quarter. Savant Capital LLC boosted its position in 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 acquiring an additional 4,506 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 91,988 shares during the last quarter. 36.13% of the stock is currently owned by institutional investors.

Comstock Resources Trading Up 0.8%

Shares of NYSE:CRK traded up $0.20 during midday trading on Friday, hitting $24.43. 2,116,086 shares of the stock traded hands, compared to its average volume of 2,543,307. The stock has a market capitalization of $7.16 billion, a PE ratio of -32.14, a P/E/G ratio of 1.65 and a beta of 0.32. The business's 50 day moving average is $21.17 and its two-hundred day moving average is $19.20. 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 one year low of $7.74 and a one year high of $25.05.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a report on Thursday, May 8th. Morgan Stanley restated a "cautious" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. 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. 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. Finally, 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 on the stock. Four investment 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.15.

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.