PDT Partners LLC Decreases Stock Holdings in Comstock Resources, Inc. (NYSE:CRK)

PDT Partners LLC cut its position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 254,791 shares of the oil and gas producer's stock after selling 66,460 shares during the quarter. PDT Partners LLC owned 0.09% of Comstock Resources worth $4,642,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Comstock Resources by 1.9% during the 4th quarter. Bank of Montreal Can now owns 40,983 shares of the oil and gas producer's stock worth $747,000 after buying an additional 772 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in Comstock Resources during the fourth quarter worth about $27,000. Natixis Advisors LLC raised its position in Comstock Resources by 6.6% during the fourth quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer's stock worth $470,000 after acquiring an additional 1,585 shares during the last quarter. KBC Group NV lifted its holdings in shares of Comstock Resources by 46.8% in the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock valued at $118,000 after purchasing an additional 2,066 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Comstock Resources by 225.2% in the fourth 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. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Comstock Resources Trading Up 7.3 %

CRK stock traded up $1.38 on Friday, hitting $20.25. 2,756,716 shares of the company were exchanged, compared to its average volume of 2,640,309. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of -26.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The business's fifty day moving average is $18.93 and its two-hundred day moving average is $17.30. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $22.06. 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 (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 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 business had revenue of $512.85 million during the quarter, compared to the consensus estimate of $408.99 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business's revenue for the quarter was up 52.7% on a year-over-year basis. As a group, research 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.