Comstock Resources, Inc. $CRK Shares Newly Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,286 shares of the oil and gas producer's stock, valued at approximately $1,375,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Comstock Resources in the 2nd quarter valued at approximately $176,583,000. State Street Corp boosted its position in Comstock Resources by 2.7% during the 2nd quarter. State Street Corp now owns 5,336,565 shares of the oil and gas producer's stock worth $79,622,000 after acquiring an additional 141,295 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Comstock Resources by 143.2% during the 1st quarter. First Trust Advisors LP now owns 1,079,633 shares of the oil and gas producer's stock worth $22,759,000 after acquiring an additional 635,781 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in shares of Comstock Resources by 34.8% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 861,858 shares of the oil and gas producer's stock worth $18,168,000 after acquiring an additional 222,569 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Comstock Resources by 5.5% during the 1st quarter. Bank of America Corp DE now owns 726,140 shares of the oil and gas producer's stock worth $15,307,000 after acquiring an additional 38,060 shares in the last quarter. 36.13% of the stock is owned by institutional investors and hedge funds.

Comstock Resources Price Performance

Shares of CRK opened at $13.46 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.05. The company's fifty day simple moving average is $13.94 and its 200 day simple moving average is $16.01. Comstock Resources, Inc. has a 1-year low of $12.12 and a 1-year high of $28.10. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 9.22 and a beta of 0.53.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Comstock Resources had a net margin of 19.83% and a return on equity of 3.22%. The firm had revenue of $384.36 million during the quarter, compared to the consensus estimate of $420.97 million. During the same period last year, the business earned $0.09 EPS. The business's revenue was down 14.6% on a year-over-year basis. On average, research analysts forecast that Comstock Resources, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRK has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on shares of Comstock Resources in a research report on Friday, September 25th. They set a "hold" rating and a $14.00 price target on the stock. The Goldman Sachs Group raised their price objective on Comstock Resources from $9.00 to $15.00 and gave the company a "sell" rating in a report on Wednesday, September 2nd. UBS Group set a $14.00 price objective on Comstock Resources and gave the company a "sell" rating in a report on Wednesday, September 9th. Roth Capital reaffirmed a "neutral" rating and issued a $14.00 target price on shares of Comstock Resources in a research report on Tuesday, September 1st. Finally, Wall Street Zen lowered Comstock Resources from a "sell" rating to a "strong sell" rating in a report on Saturday, October 17th. Ten research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $14.92.

Key Comstock Resources News

Here are the key news stories impacting Comstock Resources this week:

• Positive Sentiment: Third-quarter production grew 9%, a sign of stronger operating output. Comstock Resources Reports 9% Production Growth as Q3 Earnings Miss Estimates
• Neutral Sentiment: Azerbaijan’s SOCAR agreed to purchase stakes in Comstock assets for $1.65 billion. The deal could be strategically significant, though the provided report does not detail its expected financial impact on CRK. Azerbaijan's SOCAR purchases stakes in Comstock's assets for $1.65 billion
• Negative Sentiment: Q3 results missed expectations: EPS was $0.02 versus the $0.04 consensus, revenue was $384.36 million versus $420.97 million expected, and revenue fell 14.6% year over year. Earnings were also down from $0.09 per share a year earlier. Comstock Resources reports sales below analyst estimates in Q3 2026 earnings
• Negative Sentiment: Truist reaffirmed its “hold” rating but cut its price target to $15 from $16, signaling reduced expectations despite implied upside from the cited $13.46 share price.

About Comstock Resources

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