GeoWealth Management LLC Has $225,000 Stock Position in Comstock Resources, Inc. (NYSE:CRK)

GeoWealth Management LLC cut its position in Comstock Resources, Inc. (NYSE:CRK) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,353 shares of the oil and gas producer’s stock after selling 1,508 shares during the period. GeoWealth Management LLC’s holdings in Comstock Resources were worth $225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CRK. VSM Wealth Advisory LLC bought a new position in shares of Comstock Resources in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC increased its holdings in Comstock Resources by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 2,631 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Comstock Resources by 225.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 2,326 shares during the last quarter. KBC Group NV boosted its stake in Comstock Resources by 46.8% in the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after purchasing an additional 2,066 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Comstock Resources during the third quarter worth $169,000. 36.13% of the stock is owned by institutional investors.

Comstock Resources Trading Up 1.5 %

NYSE CRK opened at $18.50 on Thursday. Comstock Resources, Inc. has a 12 month low of $7.74 and a 12 month high of $22.06. The stock has a 50-day simple moving average of $19.00 and a 200 day simple moving average of $16.97. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $5.42 billion, a PE ratio of -24.34, a P/E/G ratio of 1.65 and a beta of 0.42.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The company had revenue of $366.51 million during the quarter, compared to analysts’ expectations of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. Research analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group started coverage on Comstock Resources in a report on Tuesday. They issued a “neutral” rating and a $19.00 price target for the company. StockNews.com upgraded shares of Comstock Resources to a “sell” rating in a research report on Saturday, April 19th. Morgan Stanley reissued a “cautious” rating and issued a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Truist Financial upped their price objective on Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.23.

About Comstock Resources

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.