348,479 Shares in Comstock Resources, Inc. (NYSE:CRK) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 348,479 shares of the oil and gas producer's stock, valued at approximately $6,349,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Comstock Resources at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Comstock Resources in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC boosted its stake in Comstock Resources by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after purchasing an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Comstock Resources by 225.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 2,326 shares during the last quarter. KBC Group NV increased its stake 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 buying an additional 2,066 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Comstock Resources in the third quarter valued at about $169,000. 36.13% of the stock is owned by institutional investors and hedge funds.

Comstock Resources Trading Up 0.1 %

CRK opened at $18.38 on Monday. The stock has a market capitalization of $5.38 billion, a P/E ratio of -24.18, a P/E/G ratio of 1.65 and a beta of 0.42. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $22.06. The firm's fifty day simple moving average is $18.99 and its 200 day simple moving average is $17.13. 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 posted its quarterly earnings data 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. The business had revenue of $366.51 million for the quarter, compared to analysts' expectations of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. As a group, research analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRK shares. StockNews.com raised shares of Comstock Resources to a "sell" rating in a report on Saturday, April 19th. Truist Financial raised their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a report on Monday, January 13th. Williams Trading set a $13.00 price target on shares of Comstock Resources in a report on Wednesday, March 5th. UBS Group began coverage on shares of Comstock Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Piper Sandler lifted their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Five equities research 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. Based on data from MarketBeat, Comstock Resources currently has an average rating of "Hold" and an average target price of $14.23.

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.

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