Seaport Global Securities Weighs in on Comstock Resources, Inc.’s Q2 2017 Earnings (NYSE:CRK)
Comstock Resources, Inc. (NYSE:CRK) – Seaport Global Securities lifted their Q2 2017 earnings estimates for Comstock Resources in a research note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings of ($1.83) per share for the quarter, up from their prior estimate of ($2.05). Seaport Global Securities also issued estimates for Comstock Resources’ Q3 2017 earnings at ($1.92) EPS, Q4 2017 earnings at ($1.85) EPS, FY2017 earnings at ($7.36) EPS, Q1 2018 earnings at ($0.38) EPS, Q2 2018 earnings at ($0.40) EPS, Q3 2018 earnings at ($0.38) EPS, Q4 2018 earnings at ($0.39) EPS and FY2018 earnings at ($1.54) EPS.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.86) by $0.11. The business had revenue of $53.80 million for the quarter, compared to analyst estimates of $57.96 million. During the same quarter in the prior year, the firm earned ($1.14) EPS. COPYRIGHT VIOLATION WARNING: “Seaport Global Securities Weighs in on Comstock Resources, Inc.’s Q2 2017 Earnings (NYSE:CRK)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/27/seaport-global-securities-weighs-in-on-comstock-resources-inc-s-q2-2017-earnings-nysecrk.html.
Shares of Comstock Resources (NYSE:CRK) opened at 7.05 on Thursday. The firm’s market cap is $108.37 million. Comstock Resources has a 1-year low of $2.64 and a 1-year high of $13.42. The firm’s 50-day moving average is $6.98 and its 200-day moving average is $8.72.
A number of hedge funds have recently modified their holdings of CRK. Hodges Capital Management Inc. raised its stake in shares of 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 period. Goldman Sachs Group Inc. acquired a new stake in shares of Comstock Resources during the first quarter worth approximately $1,536,000. Russell Investments Group Ltd. acquired a new stake in shares of Comstock Resources during the fourth quarter worth approximately $1,284,000. Parkwood LLC raised its stake in shares of Comstock Resources by 59.9% in the second quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock worth $893,000 after buying an additional 47,326 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Comstock Resources during the first quarter worth approximately $998,000. Institutional investors and hedge funds own 49.80% of the company’s stock.
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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