Comstock Resources, Inc. (NYSE:CRK) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 72.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,520 shares of the oil and gas producer's stock after acquiring an additional 42,296 shares during the quarter. Deutsche Bank AG's holdings in Comstock Resources were worth $1,831,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRK. Corigliano Investment Advisers LLC bought a new stake in Comstock Resources during the fourth quarter valued at about $11,450,000. BOKF NA purchased a new stake in shares of Comstock Resources during the fourth quarter valued at about $2,584,000. Aptus Capital Advisors LLC bought a new stake in shares of Comstock Resources in the 4th quarter valued at about $3,499,000. Quarry LP purchased a new position in shares of Comstock Resources in the 4th quarter worth approximately $70,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Comstock Resources in the 4th quarter worth approximately $6,349,000. 36.13% of the stock is owned by institutional investors.

Comstock Resources Stock Performance

CRK stock traded down $0.28 during trading on Thursday, hitting $23.51. 1,208,344 shares of the company traded hands, compared to its average volume of 2,567,102. Comstock Resources, Inc. has a 1 year low of $7.74 and a 1 year high of $24.70. The company has a market cap of $6.89 billion, a PE ratio of -30.93, a P/E/G ratio of 1.65 and a beta of 0.14. The stock's 50-day simple moving average is $20.72 and its 200 day simple moving average is $18.78. 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 (NYSE:CRK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $408.99 million. During the same period in the previous year, the firm earned ($0.03) EPS. The business's quarterly revenue was up 52.7% on a year-over-year basis. On average, equities analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRK shares. Bank of America raised their target price on shares of Comstock Resources from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reaffirmed an "underweight" rating and issued a $12.00 price objective (up from $6.00) on shares of Comstock Resources in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Comstock Resources to a "sell" rating in a research note on Thursday, May 8th. Morgan Stanley restated a "cautious" rating and set a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. Finally, Williams Trading set a $13.00 price objective on shares of Comstock Resources in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.15.

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.