Disciplined Investors L.L.C. Invests $2.03 Million in Comstock Resources, Inc. (NYSE:CRK)

Disciplined Investors L.L.C. acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 101,435 shares of the oil and gas producer's stock, valued at approximately $2,028,000. Comstock Resources comprises approximately 2.0% of Disciplined Investors L.L.C.'s holdings, making the stock its 16th largest holding.

Several other hedge funds have also added to or reduced their stakes in CRK. VSM Wealth Advisory LLC bought a new stake in Comstock Resources during the 4th quarter valued at $27,000. Sunbelt Securities Inc. lifted its holdings in Comstock Resources by 140.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock worth $27,000 after purchasing an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Comstock Resources by 225.2% during the 4th 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 in the last quarter. KBC Group NV boosted its stake in Comstock Resources by 46.8% in the 4th 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. Finally, Blue Trust Inc. grew its holdings in Comstock Resources by 56.4% during the 4th quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer's stock valued at $191,000 after buying an additional 3,787 shares in the last quarter. Institutional investors own 36.13% of the company's stock.

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Wall Street Analysts Forecast Growth

CRK has been the topic of a number of analyst reports. Mizuho raised shares of Comstock Resources from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Piper Sandler lifted their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed a "cautious" rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Truist Financial lifted their target price on shares of Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.73.

Comstock Resources Trading Down 2.6 %

Shares of CRK stock traded down $0.47 during trading hours on Tuesday, reaching $17.49. The company's stock had a trading volume of 680,558 shares, compared to its average volume of 2,731,358. 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, Inc. has a one year low of $7.74 and a one year high of $22.06. The stock has a market capitalization of $5.12 billion, a P/E ratio of -23.07, a P/E/G ratio of 1.65 and a beta of 0.42. The firm's fifty day simple moving average is $18.89 and its 200 day simple moving average is $16.34.

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 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. The business had revenue of $366.51 million during 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%. Equities 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.