Wesbanco Bank Inc. Has $1.84 Million Holdings in Comstock Resources, Inc. $CRK

Wesbanco Bank Inc. raised its position in Comstock Resources, Inc. (NYSE:CRK) by 63.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 92,549 shares of the oil and gas producer’s stock after purchasing an additional 36,000 shares during the period. Wesbanco Bank Inc.’s holdings in Comstock Resources were worth $1,835,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Comstock Resources by 39.2% during the third quarter. Smartleaf Asset Management LLC now owns 3,085 shares of the oil and gas producer’s stock worth $62,000 after buying an additional 868 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Comstock Resources by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 5,633 shares of the oil and gas producer’s stock valued at $112,000 after acquiring an additional 900 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Comstock Resources during the 2nd quarter worth about $29,000. CWM LLC raised its position in shares of Comstock Resources by 32.1% in the 3rd quarter. CWM LLC now owns 4,460 shares of the oil and gas producer’s stock worth $88,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Comstock Resources by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 73,300 shares of the oil and gas producer’s stock worth $2,028,000 after acquiring an additional 1,174 shares in the last quarter. 36.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CRK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Comstock Resources in a research report on Monday, December 29th. UBS Group reissued a “sell” rating and issued a $18.00 price target (up from $16.00) on shares of Comstock Resources in a research note on Friday, December 12th. Bank of America cut Comstock Resources from a “buy” rating to a “neutral” rating and cut their price target for the stock from $27.00 to $24.00 in a report on Friday, January 16th. Morgan Stanley set a $20.00 price objective on shares of Comstock Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Mizuho boosted their target price on shares of Comstock Resources from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Comstock Resources currently has an average rating of “Reduce” and an average target price of $20.33.

Comstock Resources Stock Down 2.0%

CRK stock opened at $20.44 on Wednesday. The stock’s 50 day simple moving average is $22.80 and its 200 day simple moving average is $20.42. The company has a market cap of $5.99 billion, a P/E ratio of 81.76 and a beta of 0.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.41 and a current ratio of 0.41. Comstock Resources, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $31.17.

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.