Wellington Management Group LLP Has $18.05 Million Holdings in Comstock Resources, Inc. (NYSE:CRK)

Wellington Management Group LLP trimmed its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 990,512 shares of the oil and gas producer's stock after selling 66,332 shares during the period. Wellington Management Group LLP owned approximately 0.34% of Comstock Resources worth $18,047,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Townsquare Capital LLC acquired a new position in shares of Comstock Resources in the 4th quarter valued at $202,000. Sterling Capital Management LLC boosted its position in shares of 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 valued at $54,000 after purchasing an additional 2,631 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Comstock Resources by 225.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 2,326 shares during the period. Savant Capital LLC boosted its position in shares of Comstock Resources by 43.8% in the 4th quarter. Savant Capital LLC now owns 14,800 shares of the oil and gas producer's stock valued at $270,000 after purchasing an additional 4,506 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Comstock Resources by 6.5% in 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 during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CRK. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Morgan Stanley reissued a "cautious" rating and issued a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Mizuho increased their price objective on Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. Finally, UBS Group started coverage on Comstock Resources in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.15.

Comstock Resources Stock Performance

Shares of CRK stock traded up $0.44 during trading on Thursday, reaching $24.19. The company had a trading volume of 1,990,721 shares, compared to its average volume of 2,541,374. The firm's 50 day simple moving average is $21.08 and its two-hundred day simple moving average is $19.13. 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 one year low of $7.74 and a one year high of $24.70. The company has a market capitalization of $7.08 billion, a PE ratio of -31.82, a PEG ratio of 1.65 and a beta of 0.14.

Comstock Resources (NYSE:CRK - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $512.85 million for the quarter, compared to analyst estimates of $408.99 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The company's revenue was up 52.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. Sell-side analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

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.