15,737 Shares in Comstock Resources, Inc. (NYSE:CRK) Bought by Ewa LLC

Ewa LLC acquired a new position in Comstock Resources, Inc. (NYSE:CRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,737 shares of the oil and gas producer’s stock, valued at approximately $139,000.

Several other institutional investors also recently modified their holdings of the business. Cross Staff Investments Inc boosted its position in Comstock Resources by 1.5% during the fourth quarter. Cross Staff Investments Inc now owns 512,788 shares of the oil and gas producer’s stock valued at $4,538,000 after acquiring an additional 7,479 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Comstock Resources by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 12,500 shares of the oil and gas producer’s stock worth $111,000 after acquiring an additional 2,500 shares during the last quarter. Glenorchy Capital Ltd acquired a new stake in shares of Comstock Resources in the 4th quarter worth about $472,000. Illinois Municipal Retirement Fund raised its holdings in shares of Comstock Resources by 12.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 59,392 shares of the oil and gas producer’s stock worth $526,000 after acquiring an additional 6,742 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Comstock Resources in the 4th quarter worth about $176,000. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

NYSE CRK traded up $0.11 on Monday, hitting $10.43. The stock had a trading volume of 1,272,260 shares, compared to its average volume of 4,523,963. Comstock Resources, Inc. has a 52-week low of $7.07 and a 52-week high of $13.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.58 and a beta of 0.70. The firm has a 50-day moving average of $8.83 and a 200-day moving average of $9.41.

Comstock Resources (NYSE:CRK) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Comstock Resources had a return on equity of 5.65% and a net margin of 13.49%. The firm had revenue of $410.58 million during the quarter, compared to analysts’ expectations of $401.97 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was down 55.5% compared to the same quarter last year. Equities analysts expect that Comstock Resources, Inc. will post -0.06 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler reduced their price objective on shares of Comstock Resources from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group increased their target price on shares of Comstock Resources from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Tuesday, April 2nd. Mizuho cut their price objective on shares of Comstock Resources from $10.00 to $9.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Finally, Pickering Energy Partners raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.75.

Insiders Place Their Bets

In related news, major shareholder Star Exploration Corp Blue acquired 12,500,000 shares of the stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of $8.04 per share, for a total transaction of $100,500,000.00. Following the transaction, the insider now owns 194,821,429 shares in the company, valued at approximately $1,566,364,289.16. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.