2 weeks Ago By Defense World Staff
Prudential Financial Inc. reduced its position in shares of Comstock Resources, Inc. (NYSE:CRK – Free Report) by 2.
2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,144 shares of the oil and gas producer’s stock after selling 2,100 shares during the quarter. Prudential Financial Inc.
’s holdings in Comstock Resources were worth $1,697,000 as of its most recent SEC filing. Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc.
increased its holdings in Comstock Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc.
now owns 1,413,820 shares of the oil and gas producer’s stock valued at $15,736,000 after buying an additional 57,376 shares during the last quarter. FMR LLC grew its position in shares of Comstock Resources by 266.2% during the 3rd quarter.
FMR LLC now owns 25,415 shares of the oil and gas producer’s stock valued at $283,000 after acquiring an additional 18,475 shares during the period. Verition Fund Management LLC increased its stake in shares of Comstock Resources by 267.8% in the 3rd quarter.
Verition Fund Management LLC now owns 141,143 shares of the oil and gas producer’s stock worth $1,571,000 after purchasing an additional 102,767 shares in the last quarter. Weiss Asset Management LP bought a new position in Comstock Resources in the 3rd quarter worth $1,263,000. Finally, XTX Topco Ltd lifted its position in Comstock Resources by 74.
1% during the third quarter. XTX Topco Ltd now owns 50,127 shares of the oil and gas producer’s stock valued at $558,000 after purchasing an additional 21,336 shares in the last quarter. Institutional investors own 36.
13% of the company’s stock. Comstock Resources Trading Down 16.6 %Shares of CRK stock opened at $17.
14 on Friday. The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $16.
20. Comstock Resources, Inc. has a 12-month low of $7.
74 and a 12-month high of $22.06. The stock has a market capitalization of $5.
02 billion, a price-to-earnings ratio of -22.55, a price-to-earnings-growth ratio of 1.65 and a beta of 0.
55. The company has a current ratio of 0.46, a quick ratio of 0.
60 and a debt-to-equity ratio of 1.27. Comstock Resources (NYSE:CRK – Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th.
The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.
14. The business had revenue of $366.51 million for the quarter, compared to analysts’ expectations of $370.
62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.
32%. Equities research analysts predict that Comstock Resources, Inc. will post 0.
54 EPS for the current fiscal year. Analyst Upgrades and DowngradesA number of brokerages have commented on CRK. Williams Trading set a $13.
00 price target on Comstock Resources in a research report on Wednesday, March 5th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $18.
00 in a report on Monday, December 16th. StockNews.com raised shares of Comstock Resources to a “sell” rating in a report on Friday.
Morgan Stanley restated a “cautious” rating and set a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th.
Finally, Truist Financial lifted their target price on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 13th.
Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Comstock Resources presently has a consensus rating of “Hold” and an average target price of $13.73.
View Our Latest Analysis on CRKAbout Comstock Resources (Free Report)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.
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