Comstock Resources, Inc. $CRK Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. trimmed its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 14.8% in the 4th quarter, HoldingsChannel reports. The firm owned 240,038 shares of the oil and gas producer’s stock after selling 41,727 shares during the period. Aristeia Capital L.L.C.’s holdings in Comstock Resources were worth $5,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of Comstock Resources by 740.4% during the 4th quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 1,007 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Comstock Resources during the 3rd quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in Comstock Resources during the 4th quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its stake in Comstock Resources by 671.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,376 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Comstock Resources by 877.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 1,290 shares during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen cut Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Williams Trading set a $16.00 target price on Comstock Resources in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Comstock Resources in a report on Wednesday, May 20th. Morgan Stanley reduced their price target on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Comstock Resources in a research report on Wednesday, April 15th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comstock Resources has a consensus rating of “Reduce” and an average target price of $17.00.

Comstock Resources Trading Down 1.6%

NYSE:CRK opened at $13.12 on Thursday. The business’s 50-day moving average is $15.16 and its two-hundred day moving average is $19.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41. Comstock Resources, Inc. has a 12 month low of $12.44 and a 12 month high of $31.17. The firm has a market capitalization of $3.85 billion, a PE ratio of 5.99 and a beta of 0.13.

Comstock Resources (NYSE:CRK) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $587.35 million for the quarter, compared to analysts’ expectations of $554.02 million. Comstock Resources had a return on equity of 5.54% and a net margin of 27.18%.The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. Research analysts predict that Comstock Resources, Inc. will post 0.56 earnings per share for the current fiscal year.

About Comstock Resources

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.