Q3 2016 EPS Estimates for Comstock Resources Inc. Increased by Capital One Financial Corp. (CRK)
Comstock Resources Inc. (NYSE:CRK) – Capital One Financial Corp. raised their Q3 2016 earnings estimates for Comstock Resources in a report released on Monday. Capital One Financial Corp. analyst P. Johnston now expects that the firm will earn ($1.75) per share for the quarter, up from their previous estimate of ($1.82).
A number of other brokerages also recently commented on CRK. Imperial Capital upped their price objective on Comstock Resources from $3.75 to $8.50 and gave the stock an “in-line” rating in a research note on Friday, October 7th. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Monday, October 3rd. Stifel Nicolaus restated a “hold” rating on shares of Comstock Resources in a research note on Wednesday, August 31st. Finally, Robert W. Baird upped their price objective on Comstock Resources from $6.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Comstock Resources currently has a consensus rating of “Hold” and a consensus price target of $9.40.
Comstock Resources (NYSE:CRK) traded up 6.11% on Wednesday, hitting $9.21. The stock had a trading volume of 666,099 shares. The company’s market cap is $115.16 million. The stock has a 50-day moving average of $7.61 and a 200-day moving average of $5.01. Comstock Resources has a one year low of $2.64 and a one year high of $15.00.
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Comstock Resources (NYSE:CRK) last released its earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing analysts’ consensus estimates 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 business earned $40.72 million during the quarter, compared to analyst estimates of $39.16 million. During the same period last year, the business posted ($1.11) EPS. Comstock Resources’s revenue was down 47.3% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRK. Schwab Charles Investment Management Inc. purchased a new position in shares of Comstock Resources during the second quarter valued at $229,000. Cubist Systematic Strategies LLC boosted its position 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 position 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 position in shares of Comstock Resources during the second quarter valued at $313,000. Finally, Vanguard Group Inc. boosted its position 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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