Aventail Capital Group LP Has $9.17 Million Stake in Comstock Resources, Inc. $CRK

Aventail Capital Group LP reduced its position in Comstock Resources, Inc. (NYSE:CRK) by 65.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 395,515 shares of the oil and gas producer’s stock after selling 748,206 shares during the period. Aventail Capital Group LP’s holdings in Comstock Resources were worth $9,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC increased its stake in shares of Comstock Resources by 740.4% in the 4th quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 1,007 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Comstock Resources in the 4th quarter valued at $29,000. Advisory Services Network LLC acquired a new stake in shares of Comstock Resources in the 3rd quarter valued at $27,000. Hantz Financial Services Inc. increased its stake in shares of Comstock Resources by 877.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 1,290 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Comstock Resources by 671.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 1,376 shares during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

Comstock Resources Stock Down 1.6%

Shares of Comstock Resources stock opened at $13.12 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. Comstock Resources, Inc. has a 12 month low of $12.44 and a 12 month high of $31.17. The business has a fifty day simple moving average of $15.16 and a 200 day simple moving average of $19.48. The stock has a market cap of $3.85 billion, a PE ratio of 5.99 and a beta of 0.13.

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 company had revenue of $587.35 million for the quarter, compared to analyst estimates of $554.02 million. During the same period last year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts predict that Comstock Resources, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRK. Weiss Ratings reissued a “hold (c)” rating on shares of Comstock Resources in a research note on Wednesday, May 20th. Wall Street Zen cut Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Morgan Stanley lowered their target price on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. UBS Group reissued a “sell” rating and issued a $13.00 target price (down from $17.00) on shares of Comstock Resources in a research note on Monday, May 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, April 15th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Comstock Resources presently has an average rating of “Reduce” and a consensus target price of $17.00.

Comstock Resources Company 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.