Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Capital Square LLC

Capital Square LLC cut its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,900 shares of the oil and gas producer’s stock after selling 19,550 shares during the period. Capital Square LLC’s holdings in Comstock Resources were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CRK. Doliver Advisors LP lifted its holdings in Comstock Resources by 3.9% in the third quarter. Doliver Advisors LP now owns 26,455 shares of the oil and gas producer’s stock valued at $294,000 after acquiring an additional 988 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Comstock Resources by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 18,536 shares of the oil and gas producer’s stock worth $172,000 after purchasing an additional 1,276 shares during the last quarter. GAMMA Investing LLC raised its holdings in Comstock Resources by 27.5% in the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 1,312 shares during the period. XTX Topco Ltd lifted its position in Comstock Resources by 4.8% in the second quarter. XTX Topco Ltd now owns 28,791 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 1,330 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its stake in Comstock Resources by 5.7% during the second quarter. Simplicity Wealth LLC now owns 28,544 shares of the oil and gas producer’s stock worth $296,000 after buying an additional 1,552 shares during the period. 36.13% of the stock is currently owned by institutional investors and hedge funds.

Comstock Resources Price Performance

NYSE CRK traded up $0.56 during trading on Monday, reaching $15.72. 134,220 shares of the company’s stock were exchanged, compared to its average volume of 3,471,724. Comstock Resources, Inc. has a 1 year low of $7.07 and a 1 year high of $15.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average price of $12.07 and a two-hundred day moving average price of $11.09.

Comstock Resources (NYSE:CRK) last announced 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). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The business had revenue of $304.50 million during the quarter, compared to analyst estimates of $308.75 million. During the same period last year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. Sell-side analysts forecast that Comstock Resources, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

CRK has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. BMO Capital Markets raised their price target on Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Mizuho dropped their price objective on Comstock Resources from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. Siebert Williams Shank lowered Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 target price on the stock. in a research note on Tuesday, October 15th. Finally, Bank of America started coverage on Comstock Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $14.00 target price for the company. Five investment 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.31.

About Comstock Resources

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.