Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Comstock Resources, Inc. (NYSE:CRK) by 2.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 33,531 shares of the oil and gas producer’s stock after selling 805 shares during the period. Yousif Capital Management LLC’s holdings in Comstock Resources were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRK. Dimensional Fund Advisors LP increased its position in shares of Comstock Resources by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer’s stock worth $242,301,000 after acquiring an additional 227,638 shares in the last quarter. Vanguard Group Inc. boosted its position in Comstock Resources by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer’s stock worth $168,043,000 after purchasing an additional 126,380 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Comstock Resources by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer’s stock valued at $27,436,000 after purchasing an additional 91,988 shares in the last quarter. Royce & Associates LP increased its holdings in Comstock Resources by 13.0% in the 4th quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer’s stock valued at $14,201,000 after purchasing an additional 89,630 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Comstock Resources in the fourth quarter valued at about $11,891,000. 36.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRK. Bank of America upped their target price on Comstock Resources from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Comstock Resources to a “sell” rating in a research note on Thursday, May 8th. Williams Trading set a $13.00 price target on shares of Comstock Resources in a report on Wednesday, March 5th. Piper Sandler reiterated an “underweight” rating and issued a $12.00 price objective (up from $6.00) on shares of Comstock Resources in a research report on Tuesday, May 13th. Finally, UBS Group started coverage on shares of Comstock Resources in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $19.00 price objective for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.73.

Comstock Resources Stock Performance

Shares of CRK opened at $30.77 on Friday. The company has a 50-day moving average of $22.60 and a two-hundred day moving average of $19.90. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of -27.72 and a beta of 0.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.40 and a quick ratio of 0.40. Comstock Resources, Inc. has a one year low of $7.74 and a one year high of $30.90.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Comstock Resources had a negative net margin of 23.39% and a negative return on equity of 0.67%. The firm had revenue of $512.85 million during the quarter, compared to analyst estimates of $408.99 million. During the same quarter last year, the business posted ($0.03) EPS. The company’s revenue was up 52.7% on a year-over-year basis. On average, equities research analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Comstock Resources Company 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.