Invesco Ltd. Sells 89,724 Shares of Comstock Resources, Inc. (NYSE:CRK)

Invesco Ltd. decreased its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,490 shares of the oil and gas producer's stock after selling 89,724 shares during the quarter. Invesco Ltd. owned 0.22% of Comstock Resources worth $11,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Comstock Resources in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 valued at $64,000 after purchasing an additional 2,326 shares during the last quarter. KBC Group NV raised its position in Comstock Resources by 46.8% in the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after purchasing an additional 2,066 shares during the period. Sanctuary Advisors LLC bought a new stake in Comstock Resources in the third quarter worth $169,000. Finally, Blue Trust Inc. lifted its stake in Comstock Resources by 56.4% in the fourth quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer's stock worth $191,000 after purchasing an additional 3,787 shares during the last quarter. Hedge funds and other institutional investors own 36.13% of the company's stock.

Comstock Resources Stock Up 0.1 %

Shares of CRK stock traded up $0.02 during midday trading on Friday, reaching $18.38. 1,663,603 shares of the stock were exchanged, compared to its average volume of 2,665,266. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The firm has a market cap of $5.38 billion, a PE ratio of -24.18, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company's 50 day moving average is $18.99 and its two-hundred day moving average is $17.05. Comstock Resources, Inc. has a 1 year low of $7.74 and a 1 year high of $22.06.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The company had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. On average, equities research analysts predict that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.