Vanguard Group Inc. Has $168.04 Million Stock Holdings in Comstock Resources, Inc. (NYSE:CRK)

Vanguard Group Inc. boosted its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,222,982 shares of the oil and gas producer’s stock after buying an additional 126,380 shares during the period. Vanguard Group Inc.’s holdings in Comstock Resources were worth $168,043,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in Comstock Resources in the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. raised its holdings in shares of Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after acquiring an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Comstock Resources by 225.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock worth $64,000 after acquiring an additional 2,326 shares in the last quarter. KBC Group NV boosted 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 purchasing an additional 2,066 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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 valued at $191,000 after purchasing an additional 3,787 shares in the last quarter. 36.13% of the stock is owned by hedge funds and other institutional investors.

Comstock Resources Stock Down 16.6 %

CRK stock opened at $17.14 on Monday. 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 0.42. The company has a 50-day moving average of $18.90 and a two-hundred day moving average of $16.29. Comstock Resources, Inc. has a 52-week low of $7.74 and a 52-week 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 announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Williams Trading set a $13.00 price target on Comstock Resources in a research note on Wednesday, March 5th. Piper Sandler raised their price objective on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. Truist Financial raised their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Morgan Stanley reaffirmed a “cautious” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research note 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, Comstock Resources currently has an average rating of “Hold” and a consensus price target of $13.73.

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.