Stifel Financial Corp Buys 14,683 Shares of Comstock Resources, Inc. (NYSE:CRK)

Stifel Financial Corp raised its stake in shares of Comstock Resources, Inc. (NYSE:CRKFree Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 667,956 shares of the oil and gas producer’s stock after purchasing an additional 14,683 shares during the quarter. Stifel Financial Corp owned 0.24% of Comstock Resources worth $5,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Outfitter Financial LLC lifted its stake in Comstock Resources by 5.0% during the fourth quarter. Outfitter Financial LLC now owns 34,300 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 1,630 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Comstock Resources by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,381 shares of the oil and gas producer’s stock worth $366,000 after buying an additional 2,310 shares during the last quarter. SG Americas Securities LLC boosted its stake in Comstock Resources by 4.6% in the fourth quarter. SG Americas Securities LLC now owns 53,942 shares of the oil and gas producer’s stock worth $477,000 after buying an additional 2,389 shares in the last quarter. Federated Hermes Inc. grew its position in Comstock Resources by 80.0% during the third quarter. Federated Hermes Inc. now owns 5,500 shares of the oil and gas producer’s stock valued at $61,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in shares of Comstock Resources by 25.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,500 shares of the oil and gas producer’s stock worth $111,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

Shares of Comstock Resources stock opened at $11.70 on Friday. The business has a 50 day moving average of $10.30 and a 200 day moving average of $9.18. Comstock Resources, Inc. has a 52 week low of $7.07 and a 52 week high of $13.39. The company has a market cap of $3.42 billion, a PE ratio of 53.18 and a beta of 0.60. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.09.

Comstock Resources (NYSE:CRKGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. Comstock Resources had a net margin of 4.27% and a return on equity of 1.25%. The business had revenue of $335.77 million during the quarter, compared to analyst estimates of $343.97 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was down 31.4% on a year-over-year basis. As a group, equities research analysts forecast that Comstock Resources, Inc. will post -0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Mizuho boosted their price target on shares of Comstock Resources from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Monday, May 13th. Piper Sandler dropped their target price on Comstock Resources from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Truist Financial decreased their price target on Comstock Resources from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. StockNews.com raised Comstock Resources to a “sell” rating in a research note on Monday, April 29th. Finally, Capital One Financial downgraded shares of Comstock Resources from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Comstock Resources has a consensus rating of “Hold” and an average price target of $10.25.

Check Out Our Latest Research Report on CRK

Insider Buying and Selling

In other news, major shareholder Star Exploration Corp Blue acquired 12,500,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of $8.04 per share, with a total value of $100,500,000.00. Following the transaction, the insider now owns 194,821,429 shares in the company, valued at approximately $1,566,364,289.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

Comstock Resources Profile

(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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Institutional Ownership by Quarter for Comstock Resources (NYSE:CRK)

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