Goehring & Rozencwajg Associates LLC Buys 229,501 Shares of Comstock Resources, Inc. $CRK

Goehring & Rozencwajg Associates LLC boosted its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 56.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,289 shares of the oil and gas producer’s stock after purchasing an additional 229,501 shares during the quarter. Comstock Resources comprises 1.4% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 23rd largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Comstock Resources were worth $14,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in Comstock Resources by 740.4% during the fourth quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 1,007 shares during the period. Advisory Services Network LLC bought a new stake in shares of Comstock Resources in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its position in shares of Comstock Resources by 877.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 1,290 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Comstock Resources by 671.2% in the third quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 1,376 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in shares of Comstock Resources in the third quarter valued at $38,000. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

Shares of CRK stock opened at $13.50 on Friday. The stock’s fifty day moving average is $15.53 and its 200-day moving average is $19.78. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $3.96 billion, a PE ratio of 6.16 and a beta of 0.13. Comstock Resources, Inc. has a 52 week low of $12.44 and a 52 week high of $31.17.

Comstock Resources (NYSE:CRK) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). The business had revenue of $587.35 million for the quarter, compared to the consensus estimate of $554.02 million. Comstock Resources had a return on equity of 5.54% and a net margin of 27.18%.Comstock Resources’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. Equities research analysts expect that Comstock Resources, Inc. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CRK. Mizuho cut their target price on Comstock Resources from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Morgan Stanley dropped their price objective on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Comstock Resources in a research note on Wednesday, May 20th. Citigroup reiterated a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, April 15th. Finally, Williams Trading set a $16.00 price objective on Comstock Resources in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comstock Resources has a consensus rating of “Reduce” and a consensus target price of $18.89.

Comstock Resources Profile

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.