Barclays PLC Has $1.68 Million Position in Comstock Resources Inc (NYSE:CRK)

Barclays PLC boosted its holdings in shares of Comstock Resources Inc (NYSE:CRK) by 775.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,507 shares of the oil and gas producer’s stock after buying an additional 328,202 shares during the quarter. Barclays PLC owned approximately 0.35% of Comstock Resources worth $1,679,000 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. Russell Investments Group Ltd. bought a new position in shares of Comstock Resources during the 3rd quarter worth about $503,000. GSA Capital Partners LLP boosted its position in shares of Comstock Resources by 1,148.8% during the 3rd quarter. GSA Capital Partners LLP now owns 218,388 shares of the oil and gas producer’s stock worth $1,830,000 after purchasing an additional 200,900 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Comstock Resources during the 3rd quarter worth about $415,000. HRT Financial LLC bought a new position in Comstock Resources in the 3rd quarter valued at about $220,000. Finally, Penn Capital Management Co. Inc. bought a new position in Comstock Resources in the 3rd quarter valued at about $128,000. 7.26% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CRK traded down $0.05 on Monday, hitting $6.89. The stock had a trading volume of 143,900 shares, compared to its average volume of 289,322. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.18. Comstock Resources Inc has a 1 year low of $4.21 and a 1 year high of $12.32.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Thursday, February 21st. The oil and gas producer reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $153.50 million during the quarter, compared to analysts’ expectations of $153.75 million. Comstock Resources had a negative net margin of 7.34% and a positive return on equity of 30.47%. Equities analysts forecast that Comstock Resources Inc will post 0.94 earnings per share for the current year.

CRK has been the topic of several recent research reports. ValuEngine raised shares of Comstock Resources from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Capital One Financial cut shares of Comstock Resources from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.18.

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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.

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Institutional Ownership by Quarter for Comstock Resources (NYSE:CRK)

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