Goehring & Rozencwajg Associates LLC Has $18.17 Million Stake in Comstock Resources, Inc. $CRK

Goehring & Rozencwajg Associates LLC boosted its stake in Comstock Resources, Inc. (NYSE:CRK) by 34.8% during the 1st quarter, HoldingsChannel reports. The fund owned 861,858 shares of the oil and gas producer’s stock after acquiring an additional 222,569 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Comstock Resources were worth $18,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRK. CreativeOne Wealth LLC increased its holdings in Comstock Resources by 3.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,931 shares of the oil and gas producer’s stock worth $276,000 after purchasing an additional 500 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Comstock Resources by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 29,703 shares of the oil and gas producer’s stock valued at $689,000 after purchasing an additional 572 shares in the last quarter. Carrera Capital Advisors boosted its position in shares of Comstock Resources by 0.7% during the fourth quarter. Carrera Capital Advisors now owns 82,910 shares of the oil and gas producer’s stock worth $1,922,000 after buying an additional 606 shares during the period. GAMMA Investing LLC boosted its position in shares of Comstock Resources by 12.1% during the fourth quarter. GAMMA Investing LLC now owns 6,303 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 679 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Comstock Resources by 14.2% during the fourth quarter. Farther Finance Advisors LLC now owns 6,435 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 802 shares during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRK has been the topic of a number of recent research reports. Wall Street Zen lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. The Goldman Sachs Group reduced their price target on Comstock Resources from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Tuesday, June 30th. Roth Capital raised shares of Comstock Resources from a “sell” rating to a “neutral” rating and set a $13.00 price target for the company in a research note on Friday, July 10th. Mizuho lowered their price objective on shares of Comstock Resources from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Comstock Resources in a research report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Comstock Resources has an average rating of “Reduce” and a consensus target price of $16.11.

Comstock Resources Stock Up 0.9%

NYSE:CRK opened at $13.10 on Thursday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 5.98 and a beta of 0.10. Comstock Resources, Inc. has a twelve month low of $12.44 and a twelve month high of $28.10. The stock’s 50 day moving average price is $13.82 and its two-hundred day moving average price is $18.09. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). The company had revenue of $587.35 million during the quarter, compared to analyst estimates of $554.01 million. Comstock Resources had a net margin of 27.18% and a return on equity of 5.54%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Equities research analysts expect that Comstock Resources, Inc. will post 0.51 earnings per share for the current fiscal year.

Comstock Resources Company Profile

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.