Intech Investment Management LLC Has $944,000 Holdings in Comstock Resources, Inc. (NYSE:CRK)

Intech Investment Management LLC raised its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,804 shares of the oil and gas producer's stock after acquiring an additional 14,145 shares during the period. Intech Investment Management LLC's holdings in Comstock Resources were worth $944,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Comstock Resources by 6.5% during the 4th 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 purchasing an additional 91,988 shares during the period. Royce & Associates LP lifted its holdings in 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 valued at $14,201,000 after purchasing an additional 89,630 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comstock Resources in the fourth quarter valued at about $11,891,000. Principal Financial Group Inc. lifted its stake in Comstock Resources by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 439,470 shares of the oil and gas producer's stock worth $8,007,000 after purchasing an additional 12,257 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Comstock Resources during the fourth quarter worth approximately $4,430,000. 36.13% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 8,000 shares of Comstock Resources stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.17, for a total transaction of $145,360.00. Following the transaction, the director now owns 99,632 shares in the company, valued at $1,810,313.44. The trade was a 7.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Comstock Resources Price Performance

NYSE:CRK traded down $0.34 during mid-day trading on Wednesday, hitting $19.93. The company's stock had a trading volume of 1,740,099 shares, compared to its average volume of 2,729,921. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -26.22, a P/E/G ratio of 1.65 and a beta of 0.55. The stock has a fifty day moving average of $19.10 and a 200-day moving average of $15.72. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06. 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 issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. As a group, equities analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRK. Piper Sandler boosted their price objective on shares of Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Mizuho upgraded Comstock Resources from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $10.00 to $18.00 in a report on Monday, December 16th. Williams Trading set a $13.00 price objective on shares of Comstock Resources in a research report on Wednesday, March 5th. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Thursday, March 20th. Finally, Citigroup upped their price objective on Comstock Resources from $12.50 to $15.50 and gave the stock a "neutral" rating in a report on Friday, December 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comstock Resources presently has a consensus rating of "Hold" and a consensus target price of $13.73.

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.