Comstock Resources, Inc. $CRK Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its position in Comstock Resources, Inc. (NYSE:CRK) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 899,035 shares of the oil and gas producer’s stock after selling 44,801 shares during the period. Northern Trust Corp owned approximately 0.31% of Comstock Resources worth $18,286,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its holdings in shares of Comstock Resources by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer’s stock worth $917,000 after acquiring an additional 550 shares during the period. GAMMA Investing LLC grew its position in Comstock Resources by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 1,017 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position 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 buying an additional 1,145 shares in the last quarter. Nisa Investment Advisors LLC grew its position 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 buying an additional 1,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 1,793 shares in the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Comstock Resources from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Roth Capital lowered shares of Comstock Resources from a “neutral” rating to a “sell” rating and decreased their target price for the company from $18.00 to $12.00 in a research report on Monday, August 18th. Mizuho increased their target price on shares of Comstock Resources from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Citigroup reiterated a “neutral” rating and issued a $27.00 target price (up previously from $22.00) on shares of Comstock Resources in a research report on Friday, June 13th. Finally, Piper Sandler decreased their target price on shares of Comstock Resources from $12.00 to $10.00 and set an “underweight” rating for the company in a research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $18.25.

Comstock Resources Stock Performance

Shares of CRK opened at $16.11 on Tuesday. The firm’s 50 day moving average is $20.10 and its 200-day moving average is $20.79. The stock has a market capitalization of $4.72 billion, a P/E ratio of -67.10 and a beta of 0.27. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. Comstock Resources, Inc. has a 12-month low of $9.09 and a 12-month high of $31.17.

Comstock Resources (NYSE:CRK) last announced 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 company had revenue of $470.26 million for the quarter, compared to analysts’ expectations of $431.82 million. Comstock Resources had a negative net margin of 5.05% and a positive return on equity of 3.65%. The business’s revenue was up 90.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. Equities research analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal 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.