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

Deutsche Bank AG increased its stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 72.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,520 shares of the oil and gas producer's stock after buying 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 quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Williams Trading set a $13.00 price target on Comstock Resources in a research note on Wednesday, March 5th. Piper Sandler reaffirmed an "underweight" rating and issued a $12.00 price objective (up from $6.00) on shares of Comstock Resources in a report on Tuesday, May 13th. Bank of America raised their price objective on shares of Comstock Resources from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho raised their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, UBS Group assumed coverage on Comstock Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Comstock Resources presently has a consensus rating of "Hold" and an average target price of $16.50.

Comstock Resources Price Performance

Shares of NYSE CRK traded down $0.38 during mid-day trading on Wednesday, reaching $23.90. The company's stock had a trading volume of 737,115 shares, compared to its average volume of 2,573,231. Comstock Resources, Inc. has a 52 week low of $7.74 and a 52 week high of $24.70. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The firm has a market capitalization of $7.00 billion, a PE ratio of -31.52, a P/E/G ratio of 1.65 and a beta of 0.14. The stock has a fifty day moving average of $20.57 and a two-hundred day moving average of $18.68.

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

Comstock Resources Company 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.