Sapience Investments LLC Decreases Holdings in Comstock Resources, Inc. (NYSE:CRK)

Sapience Investments LLC lessened its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,828 shares of the oil and gas producer's stock after selling 55,373 shares during the period. Comstock Resources accounts for 1.5% of Sapience Investments LLC's holdings, making the stock its 23rd biggest holding. Sapience Investments LLC's holdings in Comstock Resources were worth $2,639,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Comstock Resources by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock worth $242,301,000 after acquiring an additional 227,638 shares during the period. Vanguard Group Inc. grew its stake in Comstock Resources by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock worth $168,043,000 after buying an additional 126,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Comstock Resources by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock worth $27,436,000 after acquiring an additional 91,988 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Comstock Resources by 13.0% in the 4th quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer's stock worth $14,201,000 after purchasing an additional 89,630 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Comstock Resources during the fourth quarter valued at approximately $11,891,000. Institutional investors own 36.13% of the company's stock.

Comstock Resources Price Performance

NYSE CRK traded down $0.08 during trading hours on Thursday, hitting $23.31. 482,068 shares of the company's stock traded hands, compared to its average volume of 2,587,489. Comstock Resources, Inc. has a 52-week low of $7.74 and a 52-week high of $24.48. The company has a market capitalization of $6.83 billion, a PE ratio of -30.63, a PEG ratio of 1.65 and a beta of 0.14. 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 firm's 50-day moving average is $20.23 and its 200-day moving average is $18.33.

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

Analyst Upgrades and Downgrades

CRK has been the topic of several recent analyst reports. Piper Sandler restated an "underweight" rating and issued a $12.00 target price (up previously from $6.00) on shares of Comstock Resources in a report on Tuesday, May 13th. Wall Street Zen raised shares of Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Morgan Stanley reiterated a "cautious" rating and set a $22.00 target price (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Mizuho upped their price objective on Comstock Resources from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, UBS Group began coverage on Comstock Resources in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price objective for the company. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Comstock Resources currently has a consensus rating of "Hold" and an average target price of $15.32.

Comstock Resources 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.