Man Group plc Has $3.41 Million Stock Holdings in Comstock Resources, Inc. $CRK

Man Group plc decreased its holdings in Comstock Resources, Inc. (NYSE:CRK) by 56.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228,822 shares of the oil and gas producer’s stock after selling 298,717 shares during the quarter. Man Group plc’s holdings in Comstock Resources were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. CreativeOne Wealth LLC lifted its position in shares of Comstock Resources by 3.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,931 shares of the oil and gas producer’s stock worth $276,000 after buying an additional 500 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Comstock Resources by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 29,703 shares of the oil and gas producer’s stock valued at $689,000 after acquiring an additional 572 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Comstock Resources by 27.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,942 shares of the oil and gas producer’s stock valued at $94,000 after acquiring an additional 857 shares in the last quarter. Rothschild Investment LLC increased its position in shares of 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 during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Comstock Resources by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 36,792 shares of the oil and gas producer’s stock valued at $776,000 after acquiring an additional 1,131 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Comstock Resources Stock Performance

NYSE:CRK opened at $14.45 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.48 and a current ratio of 0.48. Comstock Resources, Inc. has a 52-week low of $12.12 and a 52-week high of $28.10. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 8.12 and a beta of 0.13. The business’s fifty day moving average is $13.72 and its 200 day moving average is $16.01.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Comstock Resources had a net margin of 23.31% and a return on equity of 4.12%. The company had revenue of $353.28 million during the quarter, compared to analyst estimates of $419.22 million. During the same period last year, the business earned $0.13 earnings per share. Comstock Resources’s revenue was down 24.9% compared to the same quarter last year. Research analysts predict that Comstock Resources, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

CRK has been the topic of a number of recent analyst reports. Citigroup lowered their target price on Comstock Resources from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Zacks Research downgraded shares of Comstock Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Roth Capital reaffirmed a “neutral” rating on shares of Comstock Resources in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comstock Resources in a research report on Monday, August 17th. Finally, Mizuho set a $19.00 target price on shares of Comstock Resources in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.89.

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.