Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,400 shares of the oil and gas producer's stock after selling 28,800 shares during the quarter. Swiss National Bank owned about 0.06% of Comstock Resources worth $3,141,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRK. Sunbelt Securities Inc. grew its holdings in 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 valued at $27,000 after purchasing an additional 1,400 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Comstock Resources by 225.2% in the 4th 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. KBC Group NV grew its stake in shares of Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock valued at $118,000 after buying an additional 2,066 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Comstock Resources during the 3rd quarter valued at $169,000. Finally, Blue Trust Inc. increased its holdings in shares of 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 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.

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Wall Street Analysts Forecast Growth

CRK has been the subject of a number of research reports. Citigroup boosted their price target on Comstock Resources from $12.50 to $15.50 and gave the company a "neutral" rating in a research report on Friday, December 6th. Williams Trading set a $13.00 target price on Comstock Resources in a report on Wednesday, March 5th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a report on Thursday, March 20th. Truist Financial lifted their price target 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, Morgan Stanley reissued a "cautious" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comstock Resources currently has an average rating of "Hold" and a consensus price target of $13.73.

Insider Buying and Selling at Comstock Resources

In related news, Director Elizabeth B. Davis sold 8,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.17, for a total value of $145,360.00. Following the sale, the director now directly owns 99,632 shares of the company's stock, valued at $1,810,313.44. This represents a 7.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Comstock Resources Stock Up 0.2 %

Comstock Resources stock traded up $0.04 during midday trading on Friday, hitting $19.87. 1,552,158 shares of the stock were exchanged, compared to its average volume of 2,730,769. Comstock Resources, Inc. has a 1 year low of $7.74 and a 1 year high of $22.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The firm has a market cap of $5.82 billion, a P/E ratio of -26.14, a P/E/G ratio of 1.65 and a beta of 0.55. The company has a 50 day moving average price of $19.01 and a two-hundred day moving average price of $15.89.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. The business had revenue of $366.51 million for the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. On average, sell-side analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

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.