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

PDT Partners LLC lowered its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 46.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 321,251 shares of the oil and gas producer’s stock after selling 275,370 shares during the quarter. PDT Partners LLC’s holdings in Comstock Resources were worth $3,576,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Comstock Resources during the third quarter valued at approximately $25,000. Blue Trust Inc. acquired a new position in shares of Comstock Resources during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its position in Comstock Resources by 2,533.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 3,446 shares during the period. GAMMA Investing LLC boosted its position in Comstock Resources by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer’s stock worth $63,000 after purchasing an additional 1,312 shares during the period. Finally, Choreo LLC acquired a new stake in Comstock Resources in the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CRK shares. Mizuho reduced their price objective on Comstock Resources from $11.00 to $10.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Bank of America initiated coverage on Comstock Resources in a research report on Monday, October 28th. They set a “buy” rating and a $14.00 price target on the stock. Truist Financial upped their price target on Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Siebert Williams Shank lowered shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, BMO Capital Markets upped their target price on shares of Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.31.

Comstock Resources Stock Up 1.1 %

CRK stock opened at $15.59 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25. The firm has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $11.26. The company has a market capitalization of $4.55 billion, a P/E ratio of -86.58 and a beta of 0.47. Comstock Resources, Inc. has a twelve month low of $7.07 and a twelve month high of $15.84.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $304.50 million for the quarter, compared to the consensus estimate of $308.75 million. Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. On average, equities research analysts predict that Comstock Resources, Inc. will post -0.44 earnings per share for the current fiscal year.

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.