Comstock Resources, Inc. (NYSE:CRK) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Comstock Resources, Inc. (NYSE:CRKGet Rating) by 23.3% during the 1st quarter, Holdings Channel reports. The firm owned 34,284 shares of the oil and gas producer’s stock after buying an additional 6,488 shares during the period. SG Americas Securities LLC’s holdings in Comstock Resources were worth $447,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRK. Strs Ohio acquired a new stake in shares of Comstock Resources during the fourth quarter worth about $171,000. CWM LLC acquired a new stake in shares of Comstock Resources during the fourth quarter worth about $111,000. Qube Research & Technologies Ltd acquired a new stake in shares of Comstock Resources during the fourth quarter worth about $192,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Comstock Resources by 65.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,839 shares of the oil and gas producer’s stock worth $152,000 after purchasing an additional 7,483 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Comstock Resources by 90.6% during the fourth quarter. Wesbanco Bank Inc. now owns 100,523 shares of the oil and gas producer’s stock worth $813,000 after purchasing an additional 47,775 shares in the last quarter. Institutional investors and hedge funds own 34.56% of the company’s stock.

Comstock Resources Stock Performance

Shares of Comstock Resources stock opened at $15.61 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 17.34 and a beta of 1.42. Comstock Resources, Inc. has a 52 week low of $5.05 and a 52 week high of $22.11. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.97. The firm’s 50 day moving average is $15.39 and its two-hundred day moving average is $13.26.

Comstock Resources (NYSE:CRKGet Rating) last announced its quarterly earnings results on Monday, August 1st. The oil and gas producer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $946.25 million for the quarter, compared to analyst estimates of $627.80 million. Comstock Resources had a net margin of 12.80% and a return on equity of 63.77%. The firm’s revenue was up 175.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Research analysts forecast that Comstock Resources, Inc. will post 3.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRK. Piper Sandler raised shares of Comstock Resources from an “underweight” rating to a “neutral” rating and raised their target price for the company from $16.00 to $17.00 in a report on Tuesday. MKM Partners reaffirmed a “neutral” rating and issued a $11.50 target price on shares of Comstock Resources in a report on Wednesday, July 20th. Truist Financial raised their target price on shares of Comstock Resources from $14.00 to $19.00 in a report on Thursday, April 21st. TheStreet raised shares of Comstock Resources from a “c” rating to a “b-” rating in a report on Monday, August 1st. Finally, Mizuho reduced their target price on shares of Comstock Resources from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.25.

Comstock Resources Profile

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Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

See Also

Want to see what other hedge funds are holding CRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comstock Resources, Inc. (NYSE:CRKGet Rating).

Institutional Ownership by Quarter for Comstock Resources (NYSE:CRK)

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