Comstock Resources, Inc. (NYSE:CRK) Shares Bought by Barclays PLC

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Comstock Resources during the third quarter worth approximately $25,000. Sunbelt Securities Inc. increased its stake in Comstock Resources by 140.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 1,400 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Comstock Resources by 2,533.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 3,446 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Comstock Resources by 116.3% during the 3rd quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 3,611 shares during the last quarter. Finally, Choreo LLC acquired a new position in shares of Comstock Resources in the 2nd quarter valued at $105,000. 36.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Elizabeth B. Davis sold 8,000 shares of Comstock Resources stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.17, for a total value of $145,360.00. Following the sale, the director now directly owns 99,632 shares in the company, valued at $1,810,313.44. The trade was a 7.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 38,000 shares of company stock valued at $634,660 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Comstock Resources Price Performance

Comstock Resources stock opened at $19.90 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $15.77 and a 200-day simple moving average of $12.45. Comstock Resources, Inc. has a 12 month low of $7.07 and a 12 month high of $20.08. The stock has a market capitalization of $5.82 billion, a PE ratio of -110.55 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

CRK has been the topic of several research analyst reports. Citigroup lifted their price target on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial raised their price objective on Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Bank of America began coverage on Comstock Resources in a report on Monday, October 28th. They issued a “buy” rating and a $14.00 target price for the company. Mizuho upgraded Comstock Resources from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $18.00 in a research note on Monday, December 16th. Finally, Morgan Stanley assumed coverage on Comstock Resources in a research note on Friday. They issued an “equal weight” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Comstock Resources presently has a consensus rating of “Hold” and an average target price of $12.40.

Comstock Resources Profile

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.