10,650 Shares in Comstock Resources, Inc. (NYSE:CRK) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in Comstock Resources, Inc. (NYSE:CRK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,650 shares of the oil and gas producer’s stock, valued at approximately $194,000.

A number of other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC bought a new stake in Comstock Resources during the 4th quarter worth about $202,000. JPMorgan Chase & Co. raised its holdings in Comstock Resources by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 170,338 shares of the oil and gas producer’s stock worth $1,896,000 after acquiring an additional 13,998 shares in the last quarter. Barclays PLC boosted its position in Comstock Resources by 256.3% during the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer’s stock valued at $1,731,000 after purchasing an additional 111,934 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Comstock Resources in the third quarter valued at approximately $169,000. Finally, Sterling Capital Management LLC increased its position in shares of Comstock Resources by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CRK. Piper Sandler raised their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley restated a “cautious” rating and set a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Truist Financial raised 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. StockNews.com raised Comstock Resources to a “sell” rating in a research report on Saturday, April 19th. Finally, UBS Group assumed coverage on Comstock Resources in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $19.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.23.

Comstock Resources Price Performance

Shares of Comstock Resources stock opened at $18.93 on Wednesday. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $22.06. The company has a 50-day simple moving average of $18.92 and a two-hundred day simple moving average of $17.19. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -24.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping 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 analysts’ expectations of $370.62 million. Analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current year.

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.