K.J. Harrison & Partners Inc Invests $1.30 Million in Comstock Resources, Inc. $CRK

K.J. Harrison & Partners Inc purchased a new stake in shares of Comstock Resources, Inc. (NYSE:CRK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 61,600 shares of the oil and gas producer’s stock, valued at approximately $1,299,000.

Several other large investors have also made changes to their positions in the company. Rothschild Investment LLC raised its position in Comstock Resources by 740.4% during the fourth quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 1,007 shares in the last quarter. Advisory Services Network LLC bought a new stake in Comstock Resources in the third quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in Comstock Resources in the fourth quarter worth approximately $29,000. Hantz Financial Services Inc. increased its stake in shares of Comstock Resources by 877.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Comstock Resources during the 4th quarter worth $36,000. Institutional investors own 36.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Mizuho cut their price target on shares of Comstock Resources from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Citigroup reissued a “neutral” rating on shares of Comstock Resources in a research report on Wednesday, April 15th. UBS Group reissued a “sell” rating and set a $13.00 target price (down from $17.00) on shares of Comstock Resources in a research report on Monday, May 11th. Morgan Stanley set a $16.00 target price on Comstock Resources and gave the company an “equal weight” rating in a report on Monday, June 29th. Finally, Williams Trading set a $16.00 price target on Comstock Resources in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Comstock Resources currently has an average rating of “Reduce” and a consensus target price of $16.00.

Comstock Resources Trading Up 0.0%

Shares of CRK opened at $14.69 on Friday. The stock’s 50-day moving average price is $14.36 and its 200 day moving average price is $18.60. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 6.71 and a beta of 0.10. Comstock Resources, Inc. has a 12-month low of $12.44 and a 12-month high of $28.10.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). Comstock Resources had a return on equity of 5.54% and a net margin of 27.18%.The firm had revenue of $587.35 million during the quarter, compared to the consensus estimate of $554.01 million. During the same quarter in the prior year, the business posted $0.18 EPS. Comstock Resources’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Comstock Resources, Inc. will post 0.53 earnings per share for the current year.

Comstock Resources Profile

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.