Goehring & Rozencwajg Associates LLC Has $14.82 Million Holdings in Comstock Resources, Inc. $CRK

Goehring & Rozencwajg Associates LLC boosted its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 56.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 639,289 shares of the oil and gas producer’s stock after buying an additional 229,501 shares during the period. Comstock Resources comprises 1.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 23rd largest holding. Goehring & Rozencwajg Associates LLC owned about 0.22% of Comstock Resources worth $14,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Comstock Resources by 5.1% in the 3rd quarter. Bank of America Corp DE now owns 1,948,702 shares of the oil and gas producer’s stock valued at $38,643,000 after purchasing an additional 94,856 shares during the period. Woodline Partners LP increased its holdings in shares of Comstock Resources by 50.5% in the 3rd quarter. Woodline Partners LP now owns 1,231,916 shares of the oil and gas producer’s stock valued at $24,429,000 after purchasing an additional 413,611 shares during the period. Aventail Capital Group LP increased its holdings in shares of Comstock Resources by 149.9% in the 3rd quarter. Aventail Capital Group LP now owns 1,143,721 shares of the oil and gas producer’s stock valued at $22,680,000 after purchasing an additional 686,002 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Comstock Resources by 67.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,086,868 shares of the oil and gas producer’s stock valued at $22,107,000 after purchasing an additional 437,476 shares during the period. Finally, Gemsstock Ltd. acquired a new position in shares of Comstock Resources in the 4th quarter valued at about $19,186,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Williams Trading set a $16.00 target price on Comstock Resources in a report on Thursday, May 14th. UBS Group reiterated a “sell” rating and issued a $13.00 target price (down from $17.00) on shares of Comstock Resources in a report on Monday, May 11th. Citigroup reiterated a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 15th. Mizuho dropped their target price on Comstock Resources from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Finally, Morgan Stanley dropped their target price on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $18.89.

Comstock Resources Trading Up 2.5%

Shares of NYSE CRK opened at $13.50 on Friday. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 6.16 and a beta of 0.13. The business has a 50 day simple moving average of $15.53 and a 200 day simple moving average of $19.78. Comstock Resources, Inc. has a 52 week low of $12.44 and a 52 week high of $31.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.41.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). The firm had revenue of $587.35 million during the quarter, compared to the consensus estimate of $554.02 million. Comstock Resources had a net margin of 27.18% and a return on equity of 5.54%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, research analysts predict that Comstock Resources, Inc. will post 0.56 earnings per share for the current fiscal 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.