BOK Financial Private Wealth Inc. Invests $552,000 in Comstock Resources, Inc. (NYSE:CRK)

BOK Financial Private Wealth Inc. purchased a new position in shares of Comstock Resources, Inc. (NYSE:CRK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,298 shares of the oil and gas producer’s stock, valued at approximately $552,000.

A number of other large investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Comstock Resources during the third quarter worth $25,000. Sunbelt Securities Inc. lifted its holdings in 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 valued at $27,000 after buying an additional 1,400 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Comstock Resources by 225.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 2,326 shares during the period. KBC Group NV grew its stake in Comstock Resources by 46.8% in 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, Blue Trust Inc. grew its stake in Comstock Resources by 56.4% in the 4th quarter. Blue Trust Inc. now owns 10,502 shares of the oil and gas producer’s stock worth $191,000 after acquiring an additional 3,787 shares in the last quarter. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

NYSE CRK opened at $17.96 on Friday. The firm’s fifty day simple moving average is $19.10 and its two-hundred day simple moving average is $14.94. The firm has a market capitalization of $5.26 billion, a P/E ratio of -23.62, a P/E/G ratio of 1.65 and a beta of 0.55. Comstock Resources, Inc. has a 12-month low of $7.74 and a 12-month high of $22.06. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The company had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. Analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year.

Insider Transactions at Comstock Resources

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.62, for a total value of $156,200.00. Following the completion of the transaction, the director now directly owns 143,781 shares of the company’s stock, valued at approximately $2,245,859.22. The trade was a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 38,000 shares of company stock worth $634,660 over the last quarter. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRK has been the subject of a number of research reports. Citigroup boosted their price target on Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, December 6th. Mizuho raised Comstock Resources from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. Piper Sandler lifted their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley started coverage on shares of Comstock Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $18.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.