Uniting Wealth Partners LLC bought a new stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,500 shares of the oil and gas producer's stock, valued at approximately $355,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of 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 valued at $27,000 after acquiring an additional 1,400 shares during the period. VSM Wealth Advisory LLC purchased a new stake in Comstock Resources during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $64,000 after buying an additional 2,326 shares in the last quarter. KBC Group NV increased its holdings 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 valued at $118,000 after acquiring an additional 2,066 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Comstock Resources in the 3rd quarter worth $169,000. 36.13% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CRK shares. Mizuho raised Comstock Resources from an "underperform" rating to a "neutral" rating and increased their price target for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Williams Trading set a $13.00 price target on shares of Comstock Resources in a research report on Wednesday, March 5th. Morgan Stanley reissued a "cautious" rating and issued a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Truist Financial increased their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, Piper Sandler upped their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Comstock Resources presently has an average rating of "Hold" and an average target price of $13.73.
Check Out Our Latest Analysis on Comstock Resources
Comstock Resources Stock Down 3.0 %
Comstock Resources stock traded down $0.55 during trading hours on Tuesday, reaching $17.42. The stock had a trading volume of 764,707 shares, compared to its average volume of 2,731,857. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -22.91, a PEG ratio of 1.65 and a beta of 0.42. The business's 50 day moving average price is $18.89 and its 200-day moving average price is $16.34. Comstock Resources, Inc. has a 52 week low of $7.74 and a 52 week 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.
Comstock Resources (NYSE:CRK - Get Free Report) last posted 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. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Sell-side analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current year.
About Comstock Resources
(
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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