Comstock Resources, Inc. (CRK) Holdings Cut by Castleton Investment Management LLC
Castleton Investment Management LLC decreased its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 49.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,303 shares of the oil and gas producer’s stock after selling 14,697 shares during the period. Castleton Investment Management LLC owned approximately 0.10% of Comstock Resources worth $108,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hodges Capital Management Inc. increased its position in Comstock Resources by 5.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock worth $11,198,000 after purchasing an additional 87,805 shares during the period. Vanguard Group Inc. increased its position in Comstock Resources by 40.4% during the 2nd quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock worth $4,443,000 after purchasing an additional 180,935 shares during the period. Goldman Sachs Group Inc. acquired a new position in Comstock Resources during the 1st quarter worth approximately $1,536,000. Parkwood LLC increased its position in Comstock Resources by 59.9% during the 2nd quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock worth $893,000 after purchasing an additional 47,326 shares during the period. Finally, First Washington CORP acquired a new position in Comstock Resources during the 2nd quarter worth approximately $795,000. Institutional investors own 53.59% of the company’s stock.
Several research firms have issued reports on CRK. Stifel Nicolaus set a $12.00 target price on Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. ValuEngine cut Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Capital One Financial Corporation reiterated an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. Finally, Zacks Investment Research cut Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.42.
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Shares of Comstock Resources, Inc. (NYSE CRK) traded up 2.2064% during midday trading on Thursday, hitting $5.1001. The stock had a trading volume of 106,159 shares. Comstock Resources, Inc. has a one year low of $4.89 and a one year high of $13.42. The company’s market cap is $78.94 million. The firm has a 50 day moving average of $6.13 and a 200-day moving average of $7.30.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, beating the consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to analyst estimates of $63.93 million. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts forecast that Comstock Resources, Inc. will post ($4.87) earnings per share for the current fiscal year.
Comstock Resources Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
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