Capital Square LLC Sells 17,647 Shares of Comstock Resources, Inc. (NYSE:CRK)

Capital Square LLC reduced its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 43.1% during the fourth quarter, Holdings Channel reports. The firm owned 23,253 shares of the oil and gas producer’s stock after selling 17,647 shares during the period. Capital Square LLC’s holdings in Comstock Resources were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Comstock Resources in the 4th quarter valued at about $27,000. Sterling Capital Management LLC grew its holdings in shares of Comstock Resources by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Comstock Resources by 225.2% during 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 acquiring an additional 2,326 shares during the last quarter. KBC Group NV lifted its holdings in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 2,066 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Comstock Resources during the third quarter worth $169,000. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRK shares. StockNews.com raised shares of Comstock Resources to a “sell” rating in a report on Friday, April 4th. Truist Financial boosted their target price on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Piper Sandler increased their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley reaffirmed a “cautious” rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Finally, Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Comstock Resources has a consensus rating of “Hold” and an average target price of $13.73.

Comstock Resources Price Performance

Shares of NYSE CRK opened at $19.71 on Thursday. The stock has a fifty day moving average of $18.94 and a 200-day moving average of $16.71. The stock has a market cap of $5.77 billion, a PE ratio of -25.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46. 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) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, beating 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 company had revenue of $366.51 million during the quarter, compared to analysts’ expectations of $370.62 million. Equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

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.