CenterBook Partners LP Takes Position in Comstock Resources, Inc. (NYSE:CRK)

CenterBook Partners LP bought a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,634 shares of the oil and gas producer's stock, valued at approximately $886,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Comstock Resources during the 4th quarter valued at approximately $11,891,000. Edgestream Partners L.P. acquired a new stake in Comstock Resources in the fourth quarter valued at approximately $4,430,000. Vanguard Group Inc. grew its stake in shares of Comstock Resources by 1.4% during the fourth 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 during the last quarter. Barclays PLC increased its holdings in shares of Comstock Resources by 256.3% during the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock worth $1,731,000 after buying an additional 111,934 shares in the last quarter. Finally, Disciplined Investors L.L.C. bought a new position in shares of Comstock Resources in the 4th quarter valued at $2,028,000. Institutional investors and hedge funds own 36.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho upgraded Comstock Resources from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. Truist Financial upped their price objective on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $13.00 target price on shares of Comstock Resources in a research report on Wednesday, March 5th. StockNews.com raised shares of Comstock Resources to a "sell" rating in a report on Friday, April 4th. Finally, Morgan Stanley reaffirmed a "cautious" rating and set a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Comstock Resources presently has a consensus rating of "Hold" and an average target price of $13.73.

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Comstock Resources Trading Up 1.2 %

Shares of CRK traded up $0.23 during trading hours on Tuesday, hitting $19.30. 1,456,176 shares of the stock were exchanged, compared to its average volume of 2,711,579. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06. The business has a 50-day moving average of $18.85 and a 200-day moving average of $16.67. The firm has a market capitalization of $5.65 billion, a P/E ratio of -25.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. 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 issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. On average, research analysts expect that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Comstock Resources Company 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.