VSM Wealth Advisory LLC Purchases Shares of 1,500 Comstock Resources, Inc. (NYSE:CRK)

VSM Wealth Advisory LLC purchased a new stake in shares of Comstock Resources, Inc. (NYSE:CRK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,500 shares of the oil and gas producer’s stock, valued at approximately $27,000.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in Comstock Resources by 140.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Comstock Resources by 225.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 2,326 shares during the period. KBC Group NV boosted its holdings in shares of Comstock Resources by 46.8% in the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after purchasing an additional 2,066 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Comstock Resources in the 3rd quarter worth approximately $169,000. Finally, Blue Trust Inc. boosted its holdings in shares of Comstock Resources by 56.4% in the 4th quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer’s stock worth $191,000 after purchasing an additional 3,787 shares during the period. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRK. Citigroup lifted their target price on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, December 6th. Williams Trading set a $13.00 target price on Comstock Resources in a report on Wednesday, March 5th. Piper Sandler lifted their target price on Comstock Resources from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Mizuho raised Comstock Resources from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $18.00 in a research note on Monday, December 16th. Finally, StockNews.com raised Comstock Resources to a “sell” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Comstock Resources presently has an average rating of “Hold” and a consensus target price of $13.36.

Comstock Resources Trading Down 0.5 %

Shares of NYSE CRK opened at $19.87 on Friday. 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 fifty day simple moving average of $19.11 and a two-hundred day simple moving average of $15.43. The firm has a market cap of $5.82 billion, a PE ratio of -26.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.55. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $22.06.

Comstock Resources (NYSE:CRK) last issued its earnings results 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. The business had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. Analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Comstock Resources

In other news, Director Elizabeth B. Davis sold 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total value of $163,300.00. Following the completion of the transaction, the director now directly owns 123,781 shares of the company’s stock, valued at approximately $2,021,343.73. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 28,000 shares of company stock valued at $478,460 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.