Comstock Resources, Inc. $CRK Shares Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC reduced its position in Comstock Resources, Inc. (NYSE:CRK) by 22.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 27,003 shares of the oil and gas producer’s stock after selling 7,937 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Comstock Resources were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Callahan Advisors LLC acquired a new stake in shares of Comstock Resources in the second quarter valued at approximately $249,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Comstock Resources in the second quarter valued at approximately $232,000. State of Alaska Department of Revenue boosted its holdings in shares of Comstock Resources by 7.8% in the second quarter. State of Alaska Department of Revenue now owns 54,113 shares of the oil and gas producer’s stock valued at $1,496,000 after acquiring an additional 3,912 shares during the period. Clarus Group Inc. boosted its holdings in shares of Comstock Resources by 8.2% in the second quarter. Clarus Group Inc. now owns 213,330 shares of the oil and gas producer’s stock valued at $5,903,000 after acquiring an additional 16,130 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Comstock Resources by 2,433.1% in the second quarter. Public Employees Retirement System of Ohio now owns 54,030 shares of the oil and gas producer’s stock valued at $1,495,000 after acquiring an additional 51,897 shares during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRK has been the subject of several analyst reports. Morgan Stanley cut their price target on Comstock Resources from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. UBS Group cut their price target on Comstock Resources from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Wednesday, August 20th. Piper Sandler cut their price target on Comstock Resources from $12.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Mizuho set a $21.00 price target on Comstock Resources and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Comstock Resources in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Comstock Resources currently has a consensus rating of “Reduce” and an average price target of $19.60.

Comstock Resources Trading Down 4.2%

NYSE:CRK opened at $16.99 on Monday. The stock has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $20.58. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of -70.77 and a beta of 0.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36. Comstock Resources, Inc. has a 1 year low of $11.05 and a 1 year high of $31.17.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $470.26 million during the quarter, compared to analysts’ expectations of $431.82 million. Comstock Resources had a positive return on equity of 3.65% and a negative net margin of 5.05%.Comstock Resources’s revenue was up 90.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) earnings per share. As a group, sell-side analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal 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.