Isthmus Partners LLC Has $2.62 Million Stock Position in Comstock Resources, Inc. (NYSE:CRK)

Isthmus Partners LLC trimmed its position in Comstock Resources, Inc. (NYSE:CRK) by 17.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 235,662 shares of the oil and gas producer’s stock after selling 49,618 shares during the period. Isthmus Partners LLC’s holdings in Comstock Resources were worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRK. Harbor Capital Advisors Inc. acquired a new position in shares of Comstock Resources in the third quarter worth about $25,000. Blue Trust Inc. acquired a new position in shares of Comstock Resources in the second quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Comstock Resources by 2,533.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 3,446 shares during the period. GAMMA Investing LLC boosted its holdings 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 period. Finally, Choreo LLC acquired a new position in shares of Comstock Resources in the second quarter worth about $105,000. 36.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on CRK shares. Mizuho decreased their price target on shares of Comstock Resources from $11.00 to $10.00 and set an “underperform” rating for the company in a report on Monday, September 16th. BMO Capital Markets raised their price target on shares of Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Truist Financial raised their price target on shares of Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Bank of America started coverage on shares of Comstock Resources in a report on Monday, October 28th. They set a “buy” rating and a $14.00 price target for the company. Finally, Piper Sandler cut shares of Comstock Resources from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $5.00 in a report on Thursday, August 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.31.

Comstock Resources Trading Down 1.0 %

Shares of CRK opened at $15.42 on Friday. The firm’s 50 day moving average price is $12.50 and its 200 day moving average price is $11.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. Comstock Resources, Inc. has a twelve month low of $7.07 and a twelve month 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The firm had revenue of $304.50 million during the quarter, compared to the consensus estimate of $308.75 million. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. As a group, equities research analysts forecast that Comstock Resources, Inc. will post -0.44 EPS for the current year.

Comstock Resources Company Profile

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.