Susquehanna Fundamental Investments LLC Purchases New Holdings in Comstock Resources, Inc. (NYSE:CRK)

Susquehanna Fundamental Investments LLC acquired a new stake in Comstock Resources, Inc. (NYSE:CRK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 348,479 shares of the oil and gas producer's stock, valued at approximately $6,349,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Comstock Resources at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Comstock Resources by 11.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,060 shares of the oil and gas producer's stock valued at $1,204,000 after purchasing an additional 6,741 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Comstock Resources during the fourth quarter worth $194,000. Massar Capital Management LP purchased a new stake in shares of Comstock Resources in the fourth quarter valued at $280,000. MetLife Investment Management LLC boosted its stake in shares of Comstock Resources by 5.2% during the fourth quarter. MetLife Investment Management LLC now owns 56,177 shares of the oil and gas producer's stock valued at $1,024,000 after acquiring an additional 2,761 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Comstock Resources by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock worth $242,301,000 after purchasing an additional 227,638 shares in the last quarter. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRK has been the topic of several analyst reports. Truist Financial raised their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. StockNews.com upgraded Comstock Resources to a "sell" rating in a report on Saturday, April 19th. UBS Group began coverage on Comstock Resources in a report on Tuesday, April 22nd. They set a "neutral" rating and a $19.00 price objective on the stock. Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. Finally, Morgan Stanley reissued a "cautious" rating and issued a $22.00 price target (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Comstock Resources has a consensus rating of "Hold" and a consensus price target of $14.23.

Comstock Resources Trading Up 3.4 %

NYSE CRK traded up $0.62 during mid-day trading on Thursday, hitting $18.89. The company's stock had a trading volume of 2,740,598 shares, compared to its average volume of 2,655,496. The firm has a market capitalization of $5.53 billion, a P/E ratio of -24.85, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. Comstock Resources, Inc. has a 52-week low of $7.74 and a 52-week high of $22.06. The stock's fifty day simple moving average is $18.89 and its two-hundred day simple moving average is $17.24.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $512.85 million during the quarter, compared to the consensus estimate of $408.99 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The company's revenue was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Research analysts expect that Comstock Resources, Inc. will post 0.54 EPS for the current year.

About Comstock Resources

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.