Prime Capital Investment Advisors LLC increased its holdings in shares of Comstock Resources Inc (NYSE:CRK) by 540.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,860 shares of the oil and gas producer’s stock after purchasing an additional 37,860 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Comstock Resources were worth $311,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CRK. Thrivent Financial for Lutherans bought a new stake in Comstock Resources during the 3rd quarter worth approximately $415,000. HRT Financial LLC bought a new stake in Comstock Resources during the 3rd quarter worth approximately $220,000. Penn Capital Management Co. Inc. bought a new stake in Comstock Resources during the 3rd quarter worth approximately $128,000. KBC Group NV increased its stake in Comstock Resources by 20.5% during the 4th quarter. KBC Group NV now owns 53,444 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 9,076 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Comstock Resources during the 4th quarter worth approximately $619,000. 7.28% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on CRK shares. Zacks Investment Research raised shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Thursday, January 31st. ValuEngine raised shares of Comstock Resources from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Capital One Financial cut shares of Comstock Resources from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.18.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Thursday, February 21st. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). The business had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.75 million. Comstock Resources had a positive return on equity of 30.47% and a negative net margin of 7.34%. As a group, equities analysts forecast that Comstock Resources Inc will post 0.94 EPS for the current fiscal year.
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Comstock Resources Company Profile
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
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