Hexagon Capital Partners LLC Acquires 4,711 Shares of Comstock Resources, Inc. (NYSE:CRK)

Hexagon Capital Partners LLC boosted its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 2,161.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,929 shares of the oil and gas producer’s stock after acquiring an additional 4,711 shares during the period. Hexagon Capital Partners LLC’s holdings in Comstock Resources were worth $46,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Outfitter Financial LLC grew its stake in shares of Comstock Resources by 5.0% during the fourth quarter. Outfitter Financial LLC now owns 34,300 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 1,630 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Comstock Resources by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,381 shares of the oil and gas producer’s stock valued at $366,000 after acquiring an additional 2,310 shares during the period. SG Americas Securities LLC boosted its stake in Comstock Resources by 4.6% during the 4th quarter. SG Americas Securities LLC now owns 53,942 shares of the oil and gas producer’s stock worth $477,000 after acquiring an additional 2,389 shares during the last quarter. Federated Hermes Inc. grew its holdings in Comstock Resources by 80.0% during the third quarter. Federated Hermes Inc. now owns 5,500 shares of the oil and gas producer’s stock valued at $61,000 after purchasing an additional 2,445 shares during the period. Finally, Pittenger & Anderson Inc. increased its stake in Comstock Resources by 25.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 12,500 shares of the oil and gas producer’s stock valued at $111,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Trading Down 1.4 %

NYSE:CRK opened at $10.24 on Tuesday. The company has a market cap of $2.99 billion, a P/E ratio of 46.52 and a beta of 0.51. Comstock Resources, Inc. has a twelve month low of $7.07 and a twelve month high of $13.39. The business has a 50 day moving average price of $10.85 and a two-hundred day moving average price of $9.35. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.09.

Comstock Resources (NYSE:CRK) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. The business had revenue of $335.77 million during the quarter, compared to analysts’ expectations of $343.97 million. Comstock Resources had a net margin of 4.27% and a return on equity of 1.25%. The firm’s revenue was down 31.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, analysts expect that Comstock Resources, Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRK has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of Comstock Resources from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Monday, May 13th. The Goldman Sachs Group lifted their target price on Comstock Resources from $9.00 to $10.00 and gave the stock a “sell” rating in a report on Tuesday, May 28th. Capital One Financial downgraded Comstock Resources from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. Stifel Nicolaus dropped their price target on Comstock Resources from $14.00 to $13.50 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded Comstock Resources to a “sell” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.25.

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.