Geode Capital Management LLC trimmed its holdings in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,093,942 shares of the oil and gas producer's stock after selling 21,465 shares during the period. Geode Capital Management LLC owned 0.72% of Comstock Resources worth $38,160,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in Comstock Resources during the fourth quarter valued at about $27,000. Natixis Advisors LLC lifted its holdings in Comstock Resources by 6.6% in the 4th quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer's stock worth $470,000 after purchasing an additional 1,585 shares during the last quarter. KBC Group NV boosted its position in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after purchasing an additional 2,066 shares during the period. Smartleaf Asset Management LLC grew its holdings in 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 valued at $64,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Comstock Resources by 56.4% in the fourth quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer's stock worth $191,000 after buying an additional 3,787 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.
Comstock Resources Stock Performance
CRK stock traded up $0.02 during midday trading on Friday, hitting $19.73. The stock had a trading volume of 1,865,968 shares, compared to its average volume of 2,698,035. Comstock Resources, Inc. has a 52 week low of $7.74 and a 52 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. The stock has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $16.90. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -25.96, a P/E/G ratio of 1.65 and a beta of 0.42.
Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The business had revenue of $366.51 million for the quarter, compared to analyst estimates of $370.62 million. As a group, equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on CRK shares. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research note on Saturday. Piper Sandler lifted their price objective on Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Morgan Stanley restated a "cautious" rating and set a $22.00 target price (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Truist Financial lifted their price target on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Williams Trading set a $13.00 price objective on shares of Comstock Resources in a research note on Wednesday, March 5th. Five 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.73.
Get Our Latest Research Report on Comstock Resources
Comstock Resources Profile
(
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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