GSA Capital Partners LLP acquired a new stake in Comstock Resources Inc (NYSE:CRK) during the second quarter, according to its most recent filing with the SEC. The firm acquired 17,488 shares of the oil and gas producer’s stock, valued at approximately $184,000.
Other large investors have also recently bought and sold shares of the company. Spark Investment Management LLC boosted its position in Comstock Resources by 402.3% during the second quarter. Spark Investment Management LLC now owns 280,800 shares of the oil and gas producer’s stock valued at $2,951,000 after buying an additional 224,900 shares during the period. Engineers Gate Manager LP purchased a new stake in Comstock Resources during the second quarter valued at about $168,000. Hodges Capital Management Inc. boosted its position in Comstock Resources by 3.5% during the second quarter. Hodges Capital Management Inc. now owns 1,440,522 shares of the oil and gas producer’s stock valued at $15,140,000 after buying an additional 48,363 shares during the period. Acadian Asset Management LLC boosted its position in Comstock Resources by 782.0% during the second quarter. Acadian Asset Management LLC now owns 107,624 shares of the oil and gas producer’s stock valued at $1,131,000 after buying an additional 95,422 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Comstock Resources during the first quarter valued at about $372,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.
CRK has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded shares of Comstock Resources from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, August 9th. Zacks Investment Research lowered shares of Comstock Resources from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.16.
Shares of NYSE:CRK opened at $8.44 on Thursday. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.07 and a current ratio of 1.07. Comstock Resources Inc has a 12 month low of $4.01 and a 12 month high of $12.32.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.78) EPS for the quarter, meeting the consensus estimate of ($0.78). The firm had revenue of $61.45 million for the quarter, compared to the consensus estimate of $62.35 million. analysts forecast that Comstock Resources Inc will post 0.05 EPS for the current fiscal year.
Comstock Resources Company Profile
Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.
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