First Trust Advisors LP Has $9.68 Million Stock Position in Comstock Resources, Inc. (NYSE:CRK)

First Trust Advisors LP cut its position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 531,283 shares of the oil and gas producer's stock after selling 150,302 shares during the quarter. First Trust Advisors LP owned 0.18% of Comstock Resources worth $9,680,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Comstock Resources in the 4th quarter worth approximately $6,329,000. Mariner LLC grew its position in Comstock Resources by 36.4% in the fourth quarter. Mariner LLC now owns 68,156 shares of the oil and gas producer's stock worth $1,242,000 after buying an additional 18,187 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Comstock Resources in the fourth quarter valued at $202,000. Sterling Capital Management LLC boosted its stake in shares of 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 in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of Comstock Resources during the fourth quarter valued at $886,000. Institutional investors own 36.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CRK shares. UBS Group started coverage on shares of Comstock Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 target price for the company. Piper Sandler boosted their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Saturday, April 19th. Truist Financial upped their price target on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.23.

Comstock Resources Stock Up 7.3 %

Comstock Resources stock traded up $1.38 during mid-day trading on Friday, hitting $20.25. 2,756,716 shares of the company's stock were exchanged, compared to its average volume of 2,648,128. Comstock Resources, Inc. has a 1-year low of $7.74 and a 1-year high of $22.06. The stock has a 50 day moving average of $18.89 and a two-hundred day moving average of $17.24. The stock has a market cap of $5.93 billion, a P/E ratio of -26.64, a P/E/G ratio of 1.65 and a beta of 0.42. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its 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. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The firm had revenue of $512.85 million during the quarter, compared to analysts' expectations of $408.99 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The company's revenue was up 52.7% on a year-over-year basis. As a group, analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

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.