Comstock Resources (CRK) Releases Quarterly Earnings Results
Comstock Resources (NYSE:CRK) released its earnings data on Monday. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.01, Analyst Ratings Net reports. The company had revenue of $155.72 million for the quarter, compared to the consensus estimate of $149.91 million. During the same quarter last year, the company posted ($0.32) earnings per share. Comstock Resources’s revenue was up 44.3% compared to the same quarter last year.
A number of analysts have recently weighed in on CRK shares. Analysts at Barclays raised their price target on shares of Comstock Resources from $28.00 to $34.00 in a research note on Wednesday, July 23rd. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, July 2nd. They now have a $31.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Comstock Resources from $30.00 to $33.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.17.
Comstock Resources (NYSE:CRK) traded up 3.12% during mid-day trading on Monday, hitting $24.48. 2,130,640 shares of the company’s stock traded hands. Comstock Resources has a one year low of $14.21 and a one year high of $29.49. The stock has a 50-day moving average of $26.83 and a 200-day moving average of $23.51. The company has a market cap of $1.171 billion and a P/E ratio of 16.40.
Comstock Resources Inc (NYSE:CRK) is engaged in the acquisition, development, production and exploration of oil and natural gas.
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