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

Barclays PLC grew its stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 256.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 155,614 shares of the oil and gas producer's stock after purchasing an additional 111,934 shares during the quarter. Barclays PLC owned about 0.05% of Comstock Resources worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. grew its holdings in Comstock Resources by 140.0% during 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 period. XTX Topco Ltd grew its holdings in shares of Comstock Resources by 74.1% in the 3rd quarter. XTX Topco Ltd now owns 50,127 shares of the oil and gas producer's stock valued at $558,000 after buying an additional 21,336 shares during the period. Weiss Asset Management LP bought a new stake in shares of Comstock Resources in the 3rd quarter valued at $1,263,000. Verition Fund Management LLC raised its stake in Comstock Resources by 267.8% during the 3rd quarter. Verition Fund Management LLC now owns 141,143 shares of the oil and gas producer's stock worth $1,571,000 after buying an additional 102,767 shares during the period. Finally, FMR LLC raised its stake in Comstock Resources by 266.2% during the 3rd quarter. FMR LLC now owns 25,415 shares of the oil and gas producer's stock worth $283,000 after buying an additional 18,475 shares during the period. 36.13% of the stock is currently owned by institutional investors.

Comstock Resources Stock Up 1.4 %

CRK traded up $0.28 on Friday, hitting $19.90. 4,031,102 shares of the company were exchanged, compared to its average volume of 3,102,216. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. The stock's fifty day moving average is $15.77 and its 200-day moving average is $12.45. The company has a market cap of $5.82 billion, a PE ratio of -110.55 and a beta of 0.51. Comstock Resources, Inc. has a 12 month low of $7.07 and a 12 month high of $20.08.

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

Analysts Set New Price Targets

CRK has been the subject of several recent analyst reports. Mizuho upgraded Comstock Resources from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Siebert Williams Shank cut Comstock Resources from a "hold" rating to a "sell" rating and set a $9.00 target price for the company. in a research note on Tuesday, October 15th. Truist Financial lifted their price target on shares of Comstock Resources from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Monday, September 30th. Morgan Stanley started coverage on shares of Comstock Resources in a research report on Friday. They set an "equal weight" rating and a $18.00 price objective for the company. Finally, Bank of America assumed 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. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comstock Resources has a consensus rating of "Hold" and an average target price of $12.40.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the sale, the director now owns 123,781 shares of the company's stock, valued at $2,021,343.73. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 38,000 shares of company stock valued at $634,660 in the last quarter. Company insiders own 2.00% of the company's stock.

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.