Comstock Resources, Inc. $CRK Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Comstock Resources, Inc. (NYSE:CRK) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,800 shares of the oil and gas producer’s stock after selling 2,600 shares during the quarter. Swiss National Bank owned about 0.06% of Comstock Resources worth $3,454,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund lifted its holdings in Comstock Resources by 1.2% in the first quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer’s stock worth $917,000 after purchasing an additional 550 shares during the period. GAMMA Investing LLC lifted its holdings in Comstock Resources by 17.6% in the first quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer’s stock worth $138,000 after purchasing an additional 1,017 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Comstock Resources by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,599 shares of the oil and gas producer’s stock valued at $236,000 after acquiring an additional 1,145 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Comstock Resources by 129.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 1,170 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Comstock Resources by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,539 shares of the oil and gas producer’s stock valued at $957,000 after acquiring an additional 1,793 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Comstock Resources Price Performance

NYSE CRK opened at $15.4150 on Thursday. The stock’s 50-day moving average price is $22.13 and its two-hundred day moving average price is $20.89. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The company has a market cap of $4.52 billion, a PE ratio of -64.23 and a beta of 0.28. Comstock Resources, Inc. has a 1 year low of $9.09 and a 1 year high of $31.17.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $470.26 million for the quarter, compared to the consensus estimate of $431.82 million. Comstock Resources had a positive return on equity of 3.65% and a negative net margin of 5.05%.The business’s revenue for the quarter was up 90.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) EPS. On average, analysts predict that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analyst Ratings Changes

CRK has been the subject of a number of research analyst reports. Mizuho upped their price target on shares of Comstock Resources from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Wall Street Zen raised shares of Comstock Resources to a “sell” rating in a report on Thursday, May 8th. Roth Capital downgraded shares of Comstock Resources from a “neutral” rating to a “sell” rating and cut their price target for the company from $18.00 to $12.00 in a report on Monday. Citigroup reissued a “neutral” rating and issued a $27.00 price target (up from $22.00) on shares of Comstock Resources in a report on Friday, June 13th. Finally, Piper Sandler cut their price target on shares of Comstock Resources from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $18.25.

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.