Comstock Resources, Inc. $CRK Shares Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. grew its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 163.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 152,100 shares of the oil and gas producer’s stock after purchasing an additional 94,418 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Comstock Resources were worth $3,526,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC boosted its holdings in shares of Comstock Resources by 740.4% during the fourth quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 1,007 shares during the period. Advisory Services Network LLC acquired a new position in shares of Comstock Resources during the third quarter valued at $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Comstock Resources by 671.2% during the third quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,376 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Comstock Resources by 877.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 1,290 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in shares of Comstock Resources during the third quarter valued at $38,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. UBS Group reaffirmed a “sell” rating and issued a $13.00 price objective (down from $17.00) on shares of Comstock Resources in a report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comstock Resources in a report on Wednesday, May 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $18.89.

Comstock Resources Stock Up 0.0%

Shares of Comstock Resources stock opened at $13.43 on Wednesday. The stock has a market capitalization of $3.94 billion, a P/E ratio of 6.13 and a beta of 0.13. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $20.47. Comstock Resources, Inc. has a 12-month low of $12.84 and a 12-month high of $31.17.

Comstock Resources (NYSE:CRK) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The company had revenue of $587.35 million for the quarter, compared to the consensus estimate of $554.02 million. Comstock Resources had a return on equity of 5.54% and a net margin of 27.18%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. Equities analysts expect that Comstock Resources, Inc. will post 0.64 earnings per share for the current year.

Insider Transactions at Comstock Resources

In other Comstock Resources news, VP Patrick Mcgough sold 48,915 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $21.20, for a total transaction of $1,036,998.00. Following the completion of the sale, the vice president owned 187,516 shares of the company’s stock, valued at $3,975,339.20. This represents a 20.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

About Comstock Resources

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.