LPL Financial LLC Has $5.40 Million Stake in Comstock Resources, Inc. (NYSE:CRK)

LPL Financial LLC lifted its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,621 shares of the oil and gas producer's stock after purchasing an additional 64,594 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Comstock Resources worth $5,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRK. Sunbelt Securities Inc. lifted its position in shares of Comstock Resources by 140.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock worth $27,000 after buying an additional 1,400 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Comstock Resources during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC raised its position in shares of Comstock Resources by 225.2% in 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 period. KBC Group NV lifted its stake in shares of Comstock Resources by 46.8% in the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after buying an additional 2,066 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Comstock Resources in the third quarter worth $169,000. Institutional investors and hedge funds own 36.13% of the company's stock.

Comstock Resources Trading Up 7.1 %

Shares of CRK traded up $1.27 on Friday, reaching $19.32. 2,306,666 shares of the company's stock were exchanged, compared to its average volume of 2,722,453. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $22.06. The stock has a market capitalization of $5.66 billion, a P/E ratio of -25.43, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. 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 business has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $16.62.

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Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $366.51 million for the quarter, compared to analyst estimates of $370.62 million. Research analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

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