Research Analysts Offer Predictions for Comstock Resources Inc.’s Q1 2018 Earnings (CRK)
Comstock Resources Inc. (NYSE:CRK) – Investment analysts at Imperial Capital issued their Q1 2018 earnings estimates for Comstock Resources in a research note issued to investors on Friday. Imperial Capital analyst K. Pacanovsky expects that the firm will post earnings per share of ($1.63) for the quarter. Imperial Capital has a “In-Line” rating and a $8.50 price target on the stock. Imperial Capital also issued estimates for Comstock Resources’ Q2 2018 earnings at ($1.85) EPS and Q3 2018 earnings at ($1.89) EPS.
Several other research firms also recently weighed in on CRK. Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Stifel Nicolaus restated a “hold” rating on shares of Comstock Resources in a report on Wednesday, August 31st. Finally, Robert W. Baird boosted their price objective on Comstock Resources from $6.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Comstock Resources currently has a consensus rating of “Hold” and a consensus price target of $10.54.
Comstock Resources (NYSE:CRK) opened at 7.55 on Monday. The company’s market capitalization is $94.41 million. Comstock Resources has a one year low of $2.64 and a one year high of $15.00. The stock’s 50 day moving average price is $7.11 and its 200 day moving average price is $4.78.
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Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Monday, August 1st. The company reported ($4.05) earnings per share for the quarter, missing the consensus estimate of ($0.66) by $3.39. Comstock Resources had a negative net margin of 475.42% and a negative return on equity of 202.37%. The company had revenue of $40.72 million for the quarter, compared to the consensus estimate of $39.16 million. During the same quarter in the previous year, the business earned ($1.11) earnings per share. Comstock Resources’s revenue was down 47.3% compared to the same quarter last year.
Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of Comstock Resources during the second quarter valued at $229,000. Cubist Systematic Strategies LLC boosted its stake in shares of Comstock Resources by 16.1% in the second quarter. Cubist Systematic Strategies LLC now owns 158,435 shares of the company’s stock valued at $133,000 after buying an additional 21,992 shares in the last quarter. Bridgeway Capital Management Inc. boosted its stake in shares of Comstock Resources by 19.6% in the second quarter. Bridgeway Capital Management Inc. now owns 842,200 shares of the company’s stock valued at $708,000 after buying an additional 137,825 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Comstock Resources during the second quarter valued at $313,000. Finally, Vanguard Group Inc. boosted its stake in shares of Comstock Resources by 8.3% in the second quarter. Vanguard Group Inc. now owns 1,493,844 shares of the company’s stock valued at $1,255,000 after buying an additional 114,614 shares in the last quarter.
Comstock Resources Company Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
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