Comstock Resources, Inc. (NYSE:CRK) Shares Purchased by Savant Capital LLC

Savant Capital LLC boosted its holdings in Comstock Resources, Inc. (NYSE:CRK) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,800 shares of the oil and gas producer’s stock after buying an additional 4,506 shares during the quarter. Savant Capital LLC’s holdings in Comstock Resources were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Comstock Resources in the third quarter worth approximately $25,000. Sunbelt Securities Inc. boosted its stake in Comstock Resources by 140.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares during the period. Blue Trust Inc. boosted its stake in Comstock Resources by 116.3% in the 3rd quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 3,611 shares during the period. KBC Group NV boosted its stake in Comstock Resources by 46.8% in the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after purchasing an additional 2,066 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Comstock Resources in the 3rd quarter worth approximately $169,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Elizabeth B. Davis sold 10,000 shares of Comstock Resources stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.62, for a total value of $156,200.00. Following the transaction, the director now owns 143,781 shares in the company, valued at $2,245,859.22. This trade represents a 6.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 38,000 shares of company stock worth $634,660 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Comstock Resources Stock Up 2.1 %

CRK stock opened at $18.96 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25. Comstock Resources, Inc. has a 1 year low of $7.46 and a 1 year high of $22.06. The company has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $14.12. The firm has a market cap of $5.54 billion, a PE ratio of -105.30, a PEG ratio of 1.45 and a beta of 0.48.

Comstock Resources (NYSE:CRK) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. Sell-side analysts anticipate that Comstock Resources, Inc. will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Morgan Stanley assumed coverage on shares of Comstock Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $18.00 price objective for the company. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $18.00 in a research note on Monday, December 16th. Bank of America initiated coverage on shares of Comstock Resources in a research note on Monday, October 28th. They set a “buy” rating and a $14.00 target price for the company. Finally, Piper Sandler lifted their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.40.

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.