Marshall Wace LLP Acquires Shares of 347,360 Comstock Resources, Inc. (NYSE:CRK)

Marshall Wace LLP acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 347,360 shares of the oil and gas producer's stock, valued at approximately $6,329,000. Marshall Wace LLP owned 0.12% of Comstock Resources as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Comstock Resources in the 4th quarter valued at about $27,000. Sterling Capital Management LLC raised its position 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 valued at $54,000 after buying an additional 2,631 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 2,326 shares in the last quarter. KBC Group NV boosted its position in Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after acquiring an additional 2,066 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Comstock Resources during the 3rd quarter worth approximately $169,000. 36.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRK shares. Morgan Stanley restated a "cautious" rating and set a $22.00 target price (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Piper Sandler raised their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Saturday, April 19th. Williams Trading set a $13.00 price target on Comstock Resources in a research note on Wednesday, March 5th. Finally, UBS Group assumed coverage on Comstock Resources in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Comstock Resources has an average rating of "Hold" and an average price target of $14.23.

Comstock Resources Stock Performance

CRK traded down $0.02 during trading on Tuesday, hitting $18.62. The stock had a trading volume of 280,811 shares, compared to its average volume of 2,650,957. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The company has a 50 day moving average price of $18.95 and a 200-day moving average price of $17.17. Comstock Resources, Inc. has a one year low of $7.74 and a one year high of $22.06. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of -24.52, a P/E/G ratio of 1.65 and a beta of 0.42.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, beating the consensus estimate 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 business had revenue of $366.51 million for the quarter, compared to the consensus estimate of $370.62 million. As a group, research analysts predict that Comstock Resources, Inc. will post 0.54 EPS 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.