Verition Fund Management LLC Buys 102,767 Shares of Comstock Resources, Inc. (NYSE:CRK)

Verition Fund Management LLC increased its position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 267.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,143 shares of the oil and gas producer's stock after purchasing an additional 102,767 shares during the period. Verition Fund Management LLC's holdings in Comstock Resources were worth $1,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CRK. Harbor Capital Advisors Inc. bought a new stake in shares of Comstock Resources during the third quarter valued at approximately $25,000. Blue Trust Inc. bought a new stake in Comstock Resources in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in Comstock Resources by 2,533.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 3,446 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Comstock Resources by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer's stock valued at $63,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Choreo LLC bought a new position in shares of Comstock Resources during the 2nd quarter valued at about $105,000. Institutional investors own 36.13% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CRK. Truist Financial boosted their target price on Comstock Resources from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Monday, September 30th. Citigroup raised their target price on shares of Comstock Resources from $12.50 to $15.50 and gave the company a "neutral" rating in a report on Friday. Bank of America started 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. Siebert Williams Shank cut shares of Comstock Resources from a "hold" rating to a "sell" rating and set a $9.00 price objective for the company. in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised their price objective on Comstock Resources from $10.00 to $11.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Five 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 company's stock. According to MarketBeat, Comstock Resources presently has an average rating of "Hold" and an average price target of $10.89.

Comstock Resources Trading Down 1.4 %

Shares of NYSE CRK traded down $0.21 during mid-day trading on Friday, reaching $14.52. The company had a trading volume of 1,821,916 shares, compared to its average volume of 1,834,784. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -80.67 and a beta of 0.57. 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, Inc. has a 52 week low of $7.07 and a 52 week high of $15.84. The business's 50-day moving average is $12.98 and its 200-day moving average is $11.40.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.01). The firm 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%. Comstock Resources's quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Equities analysts expect that Comstock Resources, Inc. will post -0.44 earnings per share for the current 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.