XTX Topco Ltd Boosts Stock Position in Comstock Resources, Inc. (NYSE:CRK)

XTX Topco Ltd increased its position in Comstock Resources, Inc. (NYSE:CRK) by 74.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 50,127 shares of the oil and gas producer’s stock after buying an additional 21,336 shares during the quarter. XTX Topco Ltd’s holdings in Comstock Resources were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRK. Doliver Advisors LP lifted its position in shares of Comstock Resources by 3.9% in the third quarter. Doliver Advisors LP now owns 26,455 shares of the oil and gas producer’s stock valued at $294,000 after acquiring an additional 988 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Comstock Resources by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,876 shares of the oil and gas producer’s stock worth $601,000 after purchasing an additional 1,656 shares in the last quarter. Arizona State Retirement System boosted its stake in Comstock Resources by 6.9% in the 2nd quarter. Arizona State Retirement System now owns 28,630 shares of the oil and gas producer’s stock worth $297,000 after purchasing an additional 1,848 shares during the period. Pullen Investment Management LLC grew its holdings in Comstock Resources by 3.9% during the 2nd quarter. Pullen Investment Management LLC now owns 51,733 shares of the oil and gas producer’s stock valued at $537,000 after buying an additional 1,942 shares in the last quarter. Finally, Keynote Financial Services LLC raised its position in shares of Comstock Resources by 2.0% during the second quarter. Keynote Financial Services LLC now owns 102,193 shares of the oil and gas producer’s stock valued at $1,061,000 after buying an additional 1,975 shares during the last quarter. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

Shares of Comstock Resources stock opened at $16.80 on Friday. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -93.30 and a beta of 0.57. 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 has a 50 day moving average price of $13.45 and a 200-day moving average price of $11.59. Comstock Resources, Inc. has a one year low of $7.07 and a one year high of $17.79.

Comstock Resources (NYSE:CRK) last posted 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). 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 period in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. Equities analysts expect that Comstock Resources, Inc. will post -0.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Siebert Williams Shank lowered shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 target price for the company. in a research report on Tuesday, October 15th. Bank of America assumed coverage on shares of Comstock Resources in a report on Monday, October 28th. They set a “buy” rating and a $14.00 price objective for the company. Mizuho reduced their target price on Comstock Resources from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. BMO Capital Markets boosted their target price on Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Citigroup raised their price target on Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, December 6th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.89.

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.