Thrivent Financial for Lutherans Sells 1,118 Shares of Comstock Resources, Inc. (NYSE:CRK)

Thrivent Financial for Lutherans trimmed its stake in Comstock Resources, Inc. (NYSE:CRK) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,030 shares of the oil and gas producer’s stock after selling 1,118 shares during the period. Thrivent Financial for Lutherans’ holdings in Comstock Resources were worth $1,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in Comstock Resources by 140.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Comstock Resources by 6.6% during the 4th quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer’s stock worth $470,000 after acquiring an additional 1,585 shares in the last quarter. KBC Group NV lifted its position in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 2,066 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Comstock Resources by 225.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock valued at $64,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Comstock Resources by 56.4% in the fourth quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer’s stock worth $191,000 after purchasing an additional 3,787 shares during the last quarter. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRK. StockNews.com raised Comstock Resources to a “sell” rating in a research report on Thursday, March 20th. Citigroup raised their price target on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, December 6th. Williams Trading set a $13.00 price objective on shares of Comstock Resources in a report on Wednesday, March 5th. Piper Sandler lifted their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed a “cautious” rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.73.

Comstock Resources Stock Up 2.9 %

NYSE:CRK opened at $20.42 on Tuesday. The firm has a market capitalization of $5.98 billion, a P/E ratio of -26.86, a PEG ratio of 1.65 and a beta of 0.55. The company’s fifty day moving average price is $18.99 and its 200-day moving average price is $16.01. Comstock Resources, Inc. has a 1-year low of $7.74 and a 1-year high of $22.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. As a group, equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Comstock Resources Profile

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.