Barclays PLC Boosts Stake in Comstock Resources Inc (NYSE:CRK)
Barclays PLC raised its position in Comstock Resources Inc (NYSE:CRK) by 373.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,013 shares of the oil and gas producer’s stock after buying an additional 37,873 shares during the period. Barclays PLC’s holdings in Comstock Resources were worth $375,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of CRK. Rhumbline Advisers grew its position in shares of Comstock Resources by 41.7% during the 3rd quarter. Rhumbline Advisers now owns 20,059 shares of the oil and gas producer’s stock valued at $156,000 after acquiring an additional 5,905 shares during the period. ACR Alpine Capital Research LLC grew its position in shares of Comstock Resources by 11.1% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 553,035 shares of the oil and gas producer’s stock valued at $3,080,000 after acquiring an additional 55,251 shares during the period. Vanguard Group Inc. grew its position in shares of Comstock Resources by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 637,641 shares of the oil and gas producer’s stock valued at $3,552,000 after acquiring an additional 70,212 shares during the period. Caymus Capital Partners L.P. bought a new position in shares of Comstock Resources during the 3rd quarter valued at approximately $6,860,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Comstock Resources by 136.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 107,852 shares of the oil and gas producer’s stock valued at $601,000 after acquiring an additional 62,182 shares during the period. Hedge funds and other institutional investors own 3.25% of the company’s stock.
A number of research firms have recently weighed in on CRK. ValuEngine downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday. Seaport Global Securities downgraded shares of Comstock Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.33.
Comstock Resources stock opened at $6.59 on Friday. Comstock Resources Inc has a twelve month low of $4.17 and a twelve month high of $10.70. The firm has a 50 day moving average price of $6.78 and a 200-day moving average price of $6.40. The company has a market capitalization of $1.24 billion, a P/E ratio of 7.43 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.35.
Comstock Resources (NYSE:CRK) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $224.44 million during the quarter, compared to the consensus estimate of $234.00 million. Comstock Resources had a net margin of 14.55% and a return on equity of 15.14%. Equities analysts expect that Comstock Resources Inc will post 0.72 EPS for the current fiscal year.
Comstock Resources Company Profile
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
See Also: What is the S&P/ASX 200 Index?
Want to see what other hedge funds are holding CRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comstock Resources Inc (NYSE:CRK).
Receive News & Ratings for Comstock Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources and related companies with MarketBeat.com's FREE daily email newsletter.