Woodstock Corp Buys 5,000 Shares of Comstock Resources, Inc. (NYSE:CRK)

Woodstock Corp increased its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 50.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,000 shares of the oil and gas producer’s stock after purchasing an additional 5,000 shares during the period. Woodstock Corp’s holdings in Comstock Resources were worth $273,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. KGH Ltd increased its position in shares of Comstock Resources by 8.7% during the second quarter. KGH Ltd now owns 12,125,000 shares of the oil and gas producer’s stock valued at $125,858,000 after buying an additional 975,000 shares during the period. Dimensional Fund Advisors LP grew its stake in Comstock Resources by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 11,696,540 shares of the oil and gas producer’s stock valued at $121,414,000 after acquiring an additional 2,438,252 shares in the last quarter. American Century Companies Inc. increased its holdings in Comstock Resources by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 2,270,435 shares of the oil and gas producer’s stock worth $23,567,000 after acquiring an additional 362,043 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Comstock Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer’s stock worth $15,736,000 after purchasing an additional 57,376 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Comstock Resources by 775.4% in the 2nd quarter. Millennium Management LLC now owns 875,371 shares of the oil and gas producer’s stock valued at $9,086,000 after purchasing an additional 775,371 shares during the period. Institutional investors own 36.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRK. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Truist Financial upped their target price on Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday. Citigroup raised their price target on Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, December 6th. Siebert Williams Shank lowered Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Bank of America began coverage on shares of Comstock Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $14.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comstock Resources has an average rating of “Hold” and a consensus price target of $13.30.

Comstock Resources Trading Up 1.6 %

CRK stock opened at $21.52 on Friday. The company’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $12.72. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. Comstock Resources, Inc. has a one year low of $7.07 and a one year high of $21.75. The company has a market capitalization of $6.29 billion, a PE ratio of -119.53 and a beta of 0.51.

Comstock Resources (NYSE:CRK) last issued its earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $304.50 million for the quarter, compared to analysts’ expectations of $308.75 million. Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. As a group, analysts predict that Comstock Resources, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $15.62, for a total transaction of $156,200.00. Following the completion of the sale, the director now directly owns 143,781 shares in the company, valued at approximately $2,245,859.22. This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 38,000 shares of company stock worth $634,660. Insiders own 2.00% of the company’s stock.

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.