Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Comstock Resources, Inc. (NYSE:CRK) by 31.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,193 shares of the oil and gas producer’s stock after selling 10,913 shares during the quarter. Natixis Advisors LLC’s holdings in Comstock Resources were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Comstock Resources during the 3rd quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in Comstock Resources during the second quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its position in 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. GAMMA Investing LLC lifted its position in shares of Comstock Resources by 27.5% in the second quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,312 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of Comstock Resources in the second quarter worth about $105,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America began coverage on Comstock Resources in a research note on Monday, October 28th. They set a “buy” rating and a $14.00 price target on the stock. Truist Financial upped their target price on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Siebert Williams Shank cut shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Tuesday, October 15th. Mizuho lowered their target price on Comstock Resources from $11.00 to $10.00 and set an “underperform” rating for the company in a report on Monday, September 16th. Finally, Piper Sandler downgraded shares of Comstock Resources from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $5.00 in a research note on Thursday, August 15th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Comstock Resources has a consensus rating of “Hold” and a consensus target price of $10.31.

Comstock Resources Trading Down 1.0 %

Shares of CRK opened at $15.42 on Friday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -85.66 and a beta of 0.47. The firm has a 50 day moving average price of $12.40 and a 200-day moving average price of $11.19. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. Comstock Resources, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $15.84.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $304.50 million during the quarter, compared to the consensus estimate of $308.75 million. Comstock Resources had a negative return on equity of 3.88% and a negative net margin of 4.93%. Comstock Resources’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. As a group, equities research analysts forecast that Comstock Resources, Inc. will post -0.44 earnings per share for the current year.

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.