SBI Securities Co. Ltd. Invests $272,000 in Comstock Resources, Inc. (NYSE:CRK)

SBI Securities Co. Ltd. purchased a new position in shares of Comstock Resources, Inc. (NYSE:CRK) in the 4th quarter, Holdings Channel reports. The firm purchased 14,928 shares of the oil and gas producer’s stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in CRK. Harbor Capital Advisors Inc. bought a new position in shares of Comstock Resources during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. grew its stake in shares of Comstock Resources by 140.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after acquiring an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Comstock Resources by 225.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock worth $64,000 after acquiring an additional 2,326 shares in the last quarter. KBC Group NV grew its stake in shares of Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 2,066 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Comstock Resources during the 3rd quarter worth approximately $169,000. 36.13% of the stock is owned by institutional investors.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 8,000 shares of Comstock Resources stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.17, for a total transaction of $145,360.00. Following the completion of the sale, the director now owns 99,632 shares of the company’s stock, valued at approximately $1,810,313.44. This trade represents a 7.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 38,000 shares of company stock valued at $634,660. 2.00% of the stock is currently owned by corporate insiders.

Comstock Resources Trading Down 0.8 %

CRK stock opened at $18.98 on Thursday. 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 company has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $14.85. Comstock Resources, Inc. has a one year low of $7.74 and a one year high of $22.06. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of -24.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $366.51 million during the quarter, compared to analysts’ expectations of $370.62 million. Equities analysts anticipate that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on CRK. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research note on Thursday, February 20th. Truist Financial raised their target price on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and raised their target price for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Morgan Stanley began coverage on shares of Comstock Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $18.00 target price for the company. Finally, Citigroup raised their target price on shares of Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, December 6th. Four research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.40.

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.