BOK Financial Private Wealth Inc. bought a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,298 shares of the oil and gas producer's stock, valued at approximately $552,000.
Several other institutional investors have also recently added to or reduced their stakes in CRK. Raymond James Financial Inc. purchased a new position in shares of Comstock Resources during the fourth quarter worth about $11,891,000. Royce & Associates LP boosted its position in shares of Comstock Resources by 79.2% in the 3rd quarter. Royce & Associates LP now owns 689,780 shares of the oil and gas producer's stock valued at $7,677,000 after purchasing an additional 304,780 shares during the period. Edgestream Partners L.P. purchased a new position in Comstock Resources during the 4th quarter worth approximately $4,430,000. Weiss Asset Management LP acquired a new position in Comstock Resources during the third quarter worth approximately $1,263,000. Finally, Barclays PLC lifted its stake in Comstock Resources by 256.3% in the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock valued at $1,731,000 after buying an additional 111,934 shares during the last quarter. Hedge funds and other institutional investors own 36.13% of the company's stock.
Analyst Ratings Changes
CRK has been the topic of a number of research reports. Mizuho upgraded shares of Comstock Resources from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. StockNews.com raised shares of Comstock Resources to a "sell" rating in a research report on Thursday, February 20th. Morgan Stanley started coverage on shares of Comstock Resources in a report on Friday, January 10th. They issued an "equal weight" rating and a $18.00 target price for the company. Williams Trading set a $13.00 target price on shares of Comstock Resources in a research note on Wednesday, March 5th. Finally, Truist Financial boosted their price target on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $13.36.
Read Our Latest Stock Report on CRK
Insiders Place Their Bets
In other news, Director Elizabeth B. Davis sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.62, for a total transaction of $156,200.00. Following the sale, the director now owns 143,781 shares of the company's stock, valued at $2,245,859.22. The trade was a 6.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 38,000 shares of company stock worth $634,660. 2.00% of the stock is owned by company insiders.
Comstock Resources Price Performance
Shares of Comstock Resources stock traded down $0.31 during trading on Thursday, reaching $17.84. The company's stock had a trading volume of 1,688,878 shares, compared to its average volume of 2,841,534. The business has a 50 day moving average price of $19.07 and a 200-day moving average price of $15.11. Comstock Resources, Inc. has a 12-month low of $7.74 and a 12-month high of $22.06. The company has a market capitalization of $5.22 billion, a P/E ratio of -23.47, a price-to-earnings-growth ratio of 1.65 and a beta of 0.55. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27.
Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. The company had revenue of $366.51 million for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current year.
About Comstock Resources
(
Free Report)
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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