Barclays PLC Purchases 111,934 Shares of Comstock Resources, Inc. (NYSE:CRK)

Barclays PLC grew its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 256.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,614 shares of the oil and gas producer’s stock after buying an additional 111,934 shares during the quarter. Barclays PLC owned approximately 0.05% of Comstock Resources worth $1,731,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. KGH Ltd raised its holdings in Comstock Resources by 8.7% during the second quarter. KGH Ltd now owns 12,125,000 shares of the oil and gas producer’s stock worth $125,858,000 after acquiring an additional 975,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Comstock Resources by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,696,540 shares of the oil and gas producer’s stock worth $121,414,000 after purchasing an additional 2,438,252 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Comstock Resources by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 2,270,435 shares of the oil and gas producer’s stock worth $23,567,000 after purchasing an additional 362,043 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Comstock Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer’s stock valued at $15,736,000 after buying an additional 57,376 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Comstock Resources by 775.4% in the 2nd quarter. Millennium Management LLC now owns 875,371 shares of the oil and gas producer’s stock valued at $9,086,000 after buying an additional 775,371 shares during the last quarter. 36.13% of the stock is currently owned by institutional investors and hedge funds.

Comstock Resources Stock Performance

Shares of NYSE:CRK opened at $17.09 on Friday. Comstock Resources, Inc. has a 12-month low of $7.07 and a 12-month high of $17.79. The company’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $11.88. The firm has a market cap of $4.99 billion, a PE ratio of -94.94 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The company had revenue of $304.50 million during the quarter, compared to the consensus estimate of $308.75 million. During the same quarter last year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. Equities research analysts predict that Comstock Resources, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRK shares. BMO Capital Markets upped their price target on shares of Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Citigroup increased their price target on Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, December 6th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $18.00 in a research report on Monday, December 16th. Bank of America started coverage on shares of Comstock Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Truist Financial lifted their target price on shares of Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.78.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $16.98, for a total value of $169,800.00. Following the transaction, the director now directly owns 107,632 shares of the company’s stock, valued at $1,827,591.36. This trade represents a 8.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 30,000 shares of company stock worth $489,300. 2.00% of the stock is currently owned by company insiders.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.