40,018 Shares in Comstock Resources, Inc. (NYSE:CRK) Purchased by Sig Brokerage LP

Sig Brokerage LP purchased a new stake in Comstock Resources, Inc. (NYSE:CRK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,018 shares of the oil and gas producer’s stock, valued at approximately $729,000.

Several other institutional investors and hedge funds also recently modified their holdings of CRK. Raymond James Financial Inc. acquired a new position in shares of Comstock Resources in the fourth quarter valued at approximately $11,891,000. Corigliano Investment Advisers LLC acquired a new stake in shares of Comstock Resources in the fourth quarter worth $11,450,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Comstock Resources in the fourth quarter worth $6,349,000. Marshall Wace LLP acquired a new stake in shares of Comstock Resources in the fourth quarter worth $6,329,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Comstock Resources in the fourth quarter worth $4,430,000. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Analyst Ratings Changes

CRK has been the subject of several recent research reports. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research report on Thursday, May 8th. Williams Trading set a $13.00 price target on shares of Comstock Resources in a report on Wednesday, March 5th. Mizuho raised their price target on shares of Comstock Resources from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group initiated coverage on shares of Comstock Resources in a report on Tuesday, April 22nd. They set a “neutral” rating and a $19.00 price target for the company. Finally, Piper Sandler reaffirmed an “underweight” rating and set a $12.00 price target (up from $6.00) on shares of Comstock Resources in a report on Tuesday. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.32.

Comstock Resources Trading Up 2.3%

NYSE CRK opened at $24.36 on Friday. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $24.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of -32.05, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. The company’s fifty day moving average price is $19.79 and its two-hundred day moving average price is $18.00.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $512.85 million for the quarter, compared to the consensus estimate of $408.99 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s revenue was up 52.7% compared to the same quarter last year. As a group, research analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal 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.