Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,222 shares of the oil and gas producer's stock after selling 25,757 shares during the period. Victory Capital Management Inc.'s holdings in Comstock Resources were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in Comstock Resources by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock valued at $27,436,000 after acquiring an additional 91,988 shares during the period. SBI Securities Co. Ltd. acquired a new position in Comstock Resources during the fourth quarter valued at $272,000. Smartleaf Asset Management LLC boosted its holdings in 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 last quarter. Principal Financial Group Inc. grew its position in Comstock Resources by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 439,470 shares of the oil and gas producer's stock worth $8,007,000 after purchasing an additional 12,257 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Comstock Resources by 43.8% during the 4th quarter. Savant Capital LLC now owns 14,800 shares of the oil and gas producer's stock valued at $270,000 after buying an additional 4,506 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.

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Insider Buying and Selling

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

Comstock Resources Price Performance

Shares of Comstock Resources stock traded up $0.05 during mid-day trading on Tuesday, reaching $20.29. 1,699,099 shares of the stock traded hands, compared to its average volume of 2,738,404. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average of $19.11 and a 200 day moving average of $15.64. The stock has a market capitalization of $5.94 billion, a PE ratio of -26.70, a PEG ratio of 1.65 and a beta of 0.55. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $366.51 million for the quarter, compared to analyst estimates of $370.62 million. On average, analysts predict that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CRK. Mizuho raised Comstock Resources from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Williams Trading set a $13.00 target price on shares of Comstock Resources in a report on Wednesday, March 5th. Truist Financial increased their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Piper Sandler lifted their price objective 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. Finally, Citigroup increased their target price on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.36.

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.