120,779 Shares in Comstock Resources, Inc. $CRK Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,779 shares of the oil and gas producer’s stock, valued at approximately $2,395,000.

Several other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in shares of Comstock Resources during the 2nd quarter worth about $29,000. Jones Financial Companies Lllp increased its stake in Comstock Resources by 671.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 1,376 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Comstock Resources during the second quarter valued at approximately $34,000. HHM Wealth Advisors LLC acquired a new position in shares of Comstock Resources during the third quarter valued at approximately $44,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Comstock Resources by 39.2% in the third quarter. Smartleaf Asset Management LLC now owns 3,085 shares of the oil and gas producer’s stock valued at $62,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Comstock Resources Trading Down 0.7%

Shares of Comstock Resources stock opened at $19.04 on Tuesday. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 13.51 and a beta of 0.39. Comstock Resources, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $31.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a 50 day moving average of $22.24 and a 200 day moving average of $20.40.

Comstock Resources (NYSE:CRK) last posted its earnings results on Wednesday, February 11th. The oil and gas producer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $789.81 million for the quarter, compared to the consensus estimate of $504.66 million. Comstock Resources had a return on equity of 6.30% and a net margin of 17.80%.The company’s revenue for the quarter was up 115.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, research analysts predict that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CRK. Citigroup reiterated a “neutral” rating and set a $25.00 price target (up from $24.00) on shares of Comstock Resources in a research report on Wednesday, January 14th. Morgan Stanley set a $19.00 target price on shares of Comstock Resources in a research note on Friday. Zacks Research raised shares of Comstock Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Piper Sandler decreased their price target on shares of Comstock Resources from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comstock Resources in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $20.11.

About Comstock Resources

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.