Amundi lessened its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,085,365 shares of the oil and gas producer's stock after selling 146,410 shares during the period. Amundi owned approximately 0.37% of Comstock Resources worth $21,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of Comstock Resources by 79.2% in the 3rd quarter. Royce & Associates LP now owns 689,780 shares of the oil and gas producer's stock valued at $7,677,000 after buying an additional 304,780 shares during the period. Barclays PLC boosted its position in Comstock Resources by 256.3% in the 3rd quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer's stock worth $1,731,000 after purchasing an additional 111,934 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Comstock Resources by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,338 shares of the oil and gas producer's stock worth $1,896,000 after purchasing an additional 13,998 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Comstock Resources by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer's stock valued at $15,736,000 after purchasing an additional 57,376 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Comstock Resources in the 3rd quarter valued at $419,000. 36.13% of the stock is currently owned by institutional investors and hedge funds.
NYSE CRK traded up $0.59 on Friday, hitting $18.49. 1,954,989 shares of the company's stock were exchanged, compared to its average volume of 2,825,962. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The firm's 50-day moving average price is $19.06 and its two-hundred day moving average price is $15.13. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -24.32, a P/E/G ratio of 1.65 and a beta of 0.55. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06.
Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. The company had revenue of $366.51 million for the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. On average, research analysts expect that Comstock Resources, Inc. will post 0.54 EPS for the current year.
Several equities analysts recently weighed in on CRK shares. Morgan Stanley initiated coverage on Comstock Resources in a research note on Friday, January 10th. They issued an "equal weight" rating and a $18.00 price target for the company. Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. Mizuho raised Comstock Resources from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research note on Thursday, February 20th. Finally, Piper Sandler lifted their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Comstock Resources presently has a consensus rating of "Hold" and an average price target of $13.36.
Check Out Our Latest Report on Comstock Resources
In other news, Director Elizabeth B. Davis sold 10,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total value of $163,300.00. Following the completion of the transaction, the director now owns 123,781 shares in the company, valued at $2,021,343.73. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 38,000 shares of company stock valued at $634,660 in the last ninety days. Corporate insiders own 2.00% of the company's stock.
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.
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