XTX Topco Ltd Invests $2.61 Million in Comstock Resources, Inc. $CRK

XTX Topco Ltd acquired a new position in Comstock Resources, Inc. (NYSE:CRK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 94,470 shares of the oil and gas producer's stock, valued at approximately $2,614,000.

• Top 4 Large-Cap Stocks With Major Short Interest

Several other hedge funds and other institutional investors have also bought and sold shares of CRK. Cetera Investment Advisers purchased a new stake in Comstock Resources in the first quarter valued at about $1,467,000. Bayforest Capital Ltd purchased a new position in shares of Comstock Resources during the 1st quarter valued at approximately $271,000. Natixis Advisors LLC boosted its stake in shares of Comstock Resources by 33.2% during the 1st quarter. Natixis Advisors LLC now owns 34,326 shares of the oil and gas producer's stock worth $698,000 after acquiring an additional 8,548 shares in the last quarter. Phocas Financial Corp. acquired a new position in Comstock Resources during the first quarter worth $1,115,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Comstock Resources in the 1st quarter valued at $4,043,000. Institutional investors own 36.13% of the company's stock.

Comstock Resources Stock Performance

NYSE CRK opened at $25.52 on Thursday. The company has a market capitalization of $7.48 billion, a PE ratio of -106.32 and a beta of 0.24. Comstock Resources, Inc. has a 1 year low of $14.09 and a 1 year high of $31.17. The company has a fifty day moving average of $20.68 and a two-hundred day moving average of $21.03. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its earnings results on Monday, November 3rd. The oil and gas producer reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. Comstock Resources had a negative net margin of 5.05% and a positive return on equity of 3.65%. The business had revenue of $449.85 million for the quarter, compared to analysts' expectations of $433.54 million. During the same period in the previous year, the company posted ($0.17) EPS. The company's quarterly revenue was up 47.8% on a year-over-year basis. As a group, analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

CRK has been the subject of several recent analyst reports. Mizuho set a $21.00 price objective on shares of Comstock Resources and gave the stock a "neutral" rating in a research report on Thursday, October 16th. Zacks Research raised shares of Comstock Resources from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 12th. UBS Group lifted their price target on shares of Comstock Resources from $14.00 to $16.00 and gave the company a "sell" rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Comstock Resources in a research report on Tuesday. Finally, Piper Sandler cut their target price on Comstock Resources from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Comstock Resources has a consensus rating of "Reduce" and an average target price of $19.60.

Check Out Our Latest Analysis on Comstock Resources

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.

Featured Stories

• Five stocks we like better than Comstock Resources
• Overbought Stocks Explained: Should You Trade Them?
• Tesla Just Got Called a “Must Own” Stock—Here’s Why
• The Most Important Warren Buffett Stock for Investors: His Own
• Why Gold Loves Trump as Much as Trump Loves Gold
• Transportation Stocks Investing
• Google's Gemini 3 Sends Broadcom Soaring: TPUs Take Center Stage

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Comstock Resources Right Now?

Before you consider Comstock Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comstock Resources wasn't on the list.

While Comstock Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here