Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 234,826 shares of the oil and gas producer’s stock after selling 836 shares during the quarter. Isthmus Partners LLC’s holdings in Comstock Resources were worth $4,279,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in 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 buying an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Comstock Resources by 225.2% in the 4th 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 during the last quarter. KBC Group NV raised its holdings in shares of Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 2,066 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Comstock Resources during the 3rd quarter valued at about $169,000. Finally, Blue Trust Inc. boosted its position in shares of Comstock Resources by 56.4% during the 4th quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer’s stock valued at $191,000 after acquiring an additional 3,787 shares during the last quarter. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comstock Resources

In other news, Director Elizabeth B. Davis sold 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the transaction, the director now directly owns 123,781 shares of the company’s stock, valued at approximately $2,021,343.73. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 38,000 shares of company stock valued at $634,660 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Comstock Resources Price Performance

Shares of CRK opened at $17.96 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06. The company has a market cap of $5.26 billion, a P/E ratio of -23.62, a PEG ratio of 1.65 and a beta of 0.55. The firm’s 50 day moving average price is $19.10 and its 200 day moving average price is $14.96.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $366.51 million for 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%. On average, research analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRK shares. Morgan Stanley started coverage on shares of Comstock Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $18.00 target price on the stock. Citigroup lifted their price target on shares of Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on Comstock Resources from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research report on Thursday, February 20th. Finally, Truist Financial lifted their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Four research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.40.

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.