Deutsche Bank AG Acquires 42,296 Shares of Comstock Resources, Inc. (NYSE:CRK)

Deutsche Bank AG raised its position in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 72.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,520 shares of the oil and gas producer's stock after purchasing an additional 42,296 shares during the period. Deutsche Bank AG's holdings in Comstock Resources were worth $1,831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRK. VSM Wealth Advisory LLC bought a new position in shares of Comstock Resources during the 4th quarter valued at about $27,000. Sterling Capital Management LLC lifted its position in Comstock Resources by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after buying an additional 2,631 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Comstock Resources by 225.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after buying an additional 2,326 shares in the last quarter. Quarry LP bought a new position in Comstock Resources during the fourth quarter valued at approximately $70,000. Finally, KBC Group NV raised its stake in shares of Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock worth $118,000 after acquiring an additional 2,066 shares in the last quarter. Institutional investors own 36.13% of the company's stock.

Comstock Resources Trading Up 2.2%

CRK stock traded up $0.52 on Tuesday, reaching $24.28. The company's stock had a trading volume of 1,943,972 shares, compared to its average volume of 2,580,449. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46. The business has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $18.64. The firm has a market cap of $7.11 billion, a PE ratio of -31.95, a PEG ratio of 1.65 and a beta of 0.14. Comstock Resources, Inc. has a 12-month low of $7.74 and a 12-month high of $24.70.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The firm had revenue of $512.85 million for the quarter, compared to analyst estimates of $408.99 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company's revenue for the quarter was up 52.7% compared to the same quarter last year. As a group, research analysts forecast that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRK shares. Bank of America upped their price objective on shares of Comstock Resources from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a report on Thursday, May 8th. Morgan Stanley reissued a "cautious" rating and issued a $22.00 target price (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Piper Sandler restated an "underweight" rating and set a $12.00 price target (up from $6.00) on shares of Comstock Resources in a research report on Tuesday, May 13th. Finally, Williams Trading set a $13.00 price objective on Comstock Resources in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.50.

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.