Comstock Resources Inc Forecasted to Post Q1 2018 Earnings of ($0.19) Per Share (CRK)
Comstock Resources Inc (NYSE:CRK) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Comstock Resources in a research report issued on Sunday. KeyCorp analyst C. Stevens expects that the oil and gas producer will post earnings of ($0.19) per share for the quarter. KeyCorp also issued estimates for Comstock Resources’ Q2 2018 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.25) EPS and Q4 2018 earnings at ($0.21) EPS.
A number of other research firms also recently weighed in on CRK. Stifel Nicolaus started coverage on Comstock Resources in a research note on Thursday, March 23rd. They issued a “buy” rating and a $14.00 price target on the stock. Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Seaport Global Securities restated a “buy” rating and issued a $17.00 price target on shares of Comstock Resources in a research note on Thursday, March 9th. Barclays PLC restated a “hold” rating and issued a $10.00 price target on shares of Comstock Resources in a research note on Wednesday, February 1st. Finally, Robert W. Baird upgraded Comstock Resources from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $17.00 in a research note on Friday, January 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.50.
Shares of Comstock Resources (NYSE:CRK) opened at 7.999 on Wednesday. The stock’s market cap is $122.96 million. Comstock Resources has a 12 month low of $2.64 and a 12 month high of $13.43. The company has a 50-day moving average price of $8.70 and a 200-day moving average price of $9.59.
Comstock Resources (NYSE:CRK) last issued its earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.86) by $0.11. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $57.96 million. During the same quarter in the prior year, the company earned ($1.14) EPS.
Hedge funds have recently bought and sold shares of the company. First Dallas Securities Inc. increased its stake in Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,787 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in Comstock Resources during the first quarter worth approximately $148,000. GSA Capital Partners LLP purchased a new stake in Comstock Resources during the fourth quarter worth approximately $170,000. SG Americas Securities LLC purchased a new stake in Comstock Resources during the first quarter worth approximately $176,000. Finally, Bank of New York Mellon Corp increased its stake in Comstock Resources by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 44,490 shares of the oil and gas producer’s stock worth $410,000 after buying an additional 19,627 shares during the last quarter. Institutional investors own 41.02% of the company’s stock.
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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