Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Doliver Advisors LP

Doliver Advisors LP cut its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,503 shares of the oil and gas producer’s stock after selling 1,952 shares during the period. Doliver Advisors LP’s holdings in Comstock Resources were worth $446,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Comstock Resources in the third quarter valued at $25,000. Sunbelt Securities Inc. raised its position in shares of Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Comstock Resources by 2,533.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 3,446 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Comstock Resources by 116.3% in the 3rd quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 3,611 shares during the period. Finally, Choreo LLC purchased a new position in Comstock Resources in the 2nd quarter worth about $105,000. 36.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRK has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Citigroup raised their price objective on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Siebert Williams Shank cut 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 report on Tuesday, October 15th. BMO Capital Markets increased their target price on Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Bank of America started coverage on Comstock Resources in a report on Monday, October 28th. They set a “buy” rating and a $14.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comstock Resources currently has an average rating of “Hold” and a consensus price target of $11.78.

Comstock Resources Stock Up 3.8 %

CRK stock traded up $0.67 during mid-day trading on Monday, hitting $18.35. The stock had a trading volume of 1,530,440 shares, compared to its average volume of 2,088,544. Comstock Resources, Inc. has a 1-year low of $7.07 and a 1-year high of $19.25. The company has a fifty day moving average of $15.03 and a 200 day moving average of $12.16. 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 stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of -101.94 and a beta of 0.51.

Comstock Resources (NYSE:CRK) last released 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 firm had revenue of $304.50 million during the quarter, compared to analyst estimates of $308.75 million. Comstock Resources had a negative return on equity of 3.88% and a negative net margin of 4.93%. The company’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 EPS. On average, equities analysts expect that Comstock Resources, Inc. will post -0.44 EPS for the current fiscal year.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 8,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.17, for a total transaction of $145,360.00. Following the transaction, the director now directly owns 99,632 shares of the company’s stock, valued at $1,810,313.44. This represents a 7.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 38,000 shares of company stock worth $634,660. 2.00% of the stock is owned by corporate insiders.

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.