Equities research analysts predict that Comstock Resources, Inc. (NYSE:CRK) will post ($1.66) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Comstock Resources’ earnings. The lowest EPS estimate is ($2.14) and the highest is ($0.68). Comstock Resources posted earnings per share of ($4.05) in the same quarter last year, which would indicate a positive year-over-year growth rate of 59%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, August 7th.

On average, analysts expect that Comstock Resources will report full year earnings of ($4.57) per share for the current fiscal year, with EPS estimates ranging from ($6.58) to ($3.09). For the next financial year, analysts anticipate that the company will report earnings of ($3.87) per share, with EPS estimates ranging from ($9.90) to ($0.91). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Comstock Resources.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($1.75) earnings per share for the quarter, beating the consensus estimate of ($1.86) by $0.11. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $57.96 million. During the same period last year, the business earned ($1.14) earnings per share.

Separately, Stifel Nicolaus began coverage on Comstock Resources in a research report on Thursday, March 23rd. They set a “buy” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.50.

Comstock Resources (NYSE CRK) remained flat at $6.76 during mid-day trading on Friday. 196,270 shares of the stock were exchanged. The firm’s market cap is $103.91 million. The firm has a 50-day moving average price of $6.95 and a 200 day moving average price of $8.82. Comstock Resources has a 12-month low of $2.64 and a 12-month high of $13.42.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Comstock Resources during the fourth quarter worth about $1,284,000. GSA Capital Partners LLP purchased a new position in Comstock Resources during the fourth quarter worth about $170,000. Bank of New York Mellon Corp boosted its position 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. First Dallas Securities Inc. boosted its position 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. Finally, Hodges Capital Management Inc. boosted its position in Comstock Resources by 23.1% in the first quarter. Hodges Capital Management Inc. now owns 1,496,062 shares of the oil and gas producer’s stock worth $13,809,000 after buying an additional 280,613 shares during the last quarter. Hedge funds and other institutional investors own 49.99% of the company’s stock.

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About Comstock Resources

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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Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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