Hennessy Advisors Inc. Has $182,000 Position in Comstock Resources, Inc. (NYSE:CRK)

Hennessy Advisors Inc. decreased its position in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the oil and gas producer's stock after selling 30,000 shares during the period. Hennessy Advisors Inc.'s holdings in Comstock Resources were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Choreo LLC acquired a new stake in shares of Comstock Resources during the 2nd quarter worth about $105,000. Dimensional Fund Advisors LP grew its stake in Comstock Resources by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 11,696,540 shares of the oil and gas producer's stock worth $121,414,000 after buying an additional 2,438,252 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Comstock Resources by 4.8% during the second quarter. XTX Topco Ltd now owns 28,791 shares of the oil and gas producer's stock worth $299,000 after buying an additional 1,330 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Comstock Resources by 25.0% in the second quarter. AE Wealth Management LLC now owns 29,503 shares of the oil and gas producer's stock valued at $306,000 after acquiring an additional 5,907 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of Comstock Resources by 6.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 48,117 shares of the oil and gas producer's stock worth $499,000 after acquiring an additional 3,050 shares in the last quarter. Institutional investors own 36.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Siebert Williams Shank cut Comstock Resources from a "hold" rating to a "sell" rating and set a $9.00 price target for the company. in a report on Tuesday, October 15th. Truist Financial raised their target price on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Citigroup upped their price target on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Comstock Resources from $10.00 to $11.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Finally, Bank of America initiated coverage on shares of Comstock Resources in a research note on Monday, October 28th. They set a "buy" rating and a $14.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.30.

Comstock Resources Stock Down 0.7 %

Shares of NYSE CRK traded down $0.16 during midday trading on Friday, reaching $21.36. The company's stock had a trading volume of 2,213,945 shares, compared to its average volume of 1,980,321. Comstock Resources, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $21.75. The stock has a 50 day simple moving average of $16.62 and a 200-day simple moving average of $12.83. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -118.68 and a beta of 0.51. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The business had revenue of $304.50 million for the quarter, compared to the consensus estimate of $308.75 million. Comstock Resources had a negative return on equity of 3.88% and a negative net margin of 4.93%. The company's quarterly revenue was down 19.2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. Equities research analysts predict that Comstock Resources, Inc. will post -0.43 earnings per share for the current year.

Insider Activity at Comstock Resources

In other news, Director Elizabeth B. Davis sold 10,000 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $15.62, for a total value of $156,200.00. Following the sale, the director now directly owns 143,781 shares of the company's stock, valued at approximately $2,245,859.22. This represents a 6.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 38,000 shares of company stock valued at $634,660. Insiders own 2.00% of the company's stock.

Comstock Resources 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.