Victory Capital Management Inc. lowered its stake in shares of Comstock Resources, Inc. (NYSE:CRK – Free Report) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,979 shares of the oil and gas producer’s stock after selling 9,838 shares during the period. Victory Capital Management Inc.’s holdings in Comstock Resources were worth $467,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC raised its stake in Comstock Resources by 27.8% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 683,570 shares of the oil and gas producer’s stock worth $7,095,000 after purchasing an additional 148,700 shares during the period. HITE Hedge Asset Management LLC purchased a new position in Comstock Resources during the second quarter worth approximately $6,544,000. Squarepoint Ops LLC raised its stake in Comstock Resources by 285.9% during the second quarter. Squarepoint Ops LLC now owns 216,806 shares of the oil and gas producer’s stock worth $2,250,000 after purchasing an additional 160,619 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Comstock Resources by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,821 shares of the oil and gas producer’s stock valued at $546,000 after acquiring an additional 4,053 shares during the period. Finally, KGH Ltd raised its stake in shares of Comstock Resources by 8.7% in the 2nd quarter. KGH Ltd now owns 12,125,000 shares of the oil and gas producer’s stock valued at $125,858,000 after acquiring an additional 975,000 shares during the period. Hedge funds and other institutional investors own 36.13% of the company’s stock.
Comstock Resources Price Performance
Shares of NYSE:CRK opened at $15.59 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. Comstock Resources, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $15.84. The firm has a 50-day simple moving average of $12.60 and a 200 day simple moving average of $11.26. The company has a market cap of $4.55 billion, a PE ratio of -86.58 and a beta of 0.47.
Analyst Ratings Changes
A number of brokerages have recently commented on CRK. BMO Capital Markets raised their target price on shares of Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Bank of America began coverage on shares of Comstock Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $14.00 target price on the stock. Siebert Williams Shank downgraded shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 target price on the stock. in a research note on Tuesday, October 15th. Mizuho cut their target price on shares of Comstock Resources from $11.00 to $10.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Finally, Piper Sandler lowered shares of Comstock Resources from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $5.00 in a report on Thursday, August 15th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.31.
View Our Latest Stock Report on CRK
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.
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