First Dallas Securities Inc. cut its position in shares of Comstock Resources Inc. (NYSE:CRK) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,554 shares of the company’s stock after selling 5,500 shares during the period. First Dallas Securities Inc.’s holdings in Comstock Resources were worth $189,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Oasis Management Co Ltd. bought a new stake in shares of Comstock Resources during the first quarter worth about $1,990,000. Renaissance Technologies LLC acquired a new position in shares of Comstock Resources during the first quarter worth approximately $121,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Comstock Resources by 32.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,263,502 shares of the company’s stock worth $967,000 after buying an additional 311,590 shares during the last quarter.
Comstock Resources Inc. (NYSE:CRK) traded up 4.37% during trading on Wednesday, hitting $7.64. 705,382 shares of the company were exchanged. The stock’s 50-day moving average is $6.61 and its 200-day moving average is $4.62. Comstock Resources Inc. has a 12 month low of $2.64 and a 12 month high of $16.90. The company’s market capitalization is $95.53 million.
Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Monday, August 1st. The company reported ($4.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $3.39. Comstock Resources had a negative return on equity of 202.37% and a negative net margin of 475.42%. The firm had revenue of $40.72 million for the quarter, compared to analyst estimates of $39.16 million. During the same quarter in the previous year, the business posted ($1.11) earnings per share. Comstock Resources’s revenue for the quarter was down 47.3% on a year-over-year basis. Equities research analysts anticipate that Comstock Resources Inc. will post ($12.63) earnings per share for the current year.
A number of brokerages have commented on CRK. Zacks Investment Research cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Stifel Nicolaus reissued a “hold” rating on shares of Comstock Resources in a research note on Wednesday, August 31st. Finally, Robert W. Baird lifted their price objective on shares of Comstock Resources from $6.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, September 15th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Comstock Resources presently has an average rating of “Hold” and an average price target of $9.17.
Comstock Resources Company Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
Want to see what other hedge funds are holding CRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comstock Resources Inc. (NYSE:CRK).
Receive News & Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.