UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.37 Million Holdings in Comstock Resources, Inc. (NYSE:CRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 11.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,405 shares of the oil and gas producer’s stock after selling 15,936 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Comstock Resources were worth $1,373,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRK. Harbor Capital Advisors Inc. acquired a new position in Comstock Resources during the third quarter worth $25,000. Blue Trust Inc. bought a new stake in shares of Comstock Resources during the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Comstock Resources by 2,533.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 3,446 shares during the last quarter. Choreo LLC bought a new position in Comstock Resources in the 2nd quarter valued at about $105,000. Finally, Algert Global LLC acquired a new position in Comstock Resources during the 2nd quarter valued at about $107,000. 36.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRK shares. Siebert Williams Shank cut Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research note on Tuesday, October 15th. Citigroup raised their price target on shares of Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research report on Friday, December 6th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $18.00 in a research report on Monday. BMO Capital Markets increased their price objective 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. Finally, Truist Financial boosted their target price on Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.78.

Comstock Resources Stock Performance

Shares of CRK opened at $16.09 on Wednesday. Comstock Resources, Inc. has a 1 year low of $7.07 and a 1 year high of $17.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $13.54 and its two-hundred day moving average price is $11.62. The firm has a market cap of $4.70 billion, a PE ratio of -89.28 and a beta of 0.57.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $304.50 million during the quarter, compared to the consensus estimate of $308.75 million. Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The company’s revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. On average, equities research analysts forecast that Comstock Resources, Inc. will post -0.44 EPS for the current year.

About Comstock Resources

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.