Analysts expect Comstock Resources Inc (NYSE:CRK) to post earnings of ($1.09) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Comstock Resources’ earnings, with the lowest EPS estimate coming in at ($1.49) and the highest estimate coming in at ($0.88). Comstock Resources reported earnings of ($2.58) per share during the same quarter last year, which indicates a positive year over year growth rate of 57.8%. The firm is expected to issue its next quarterly earnings report on Friday, February 23rd.

According to Zacks, analysts expect that Comstock Resources will report full year earnings of ($4.72) per share for the current financial year, with EPS estimates ranging from ($5.09) to ($4.49). For the next fiscal year, analysts anticipate that the company will report earnings of ($3.09) per share, with EPS estimates ranging from ($4.47) to ($0.74). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Comstock Resources.

A number of equities research analysts have commented on the company. Barclays reduced their price target on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Comstock Resources in a research report on Monday, October 16th. Finally, Robert W. Baird set a $12.00 price target on Comstock Resources and gave the company a “buy” rating in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.40.

In other Comstock Resources news, CEO M Jay Allison bought 41,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of $6.17 per share, for a total transaction of $252,970.00. Following the transaction, the chief executive officer now directly owns 520,130 shares in the company, valued at $3,209,202.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 173,500 shares of company stock worth $1,136,570 in the last quarter. Corporate insiders own 11.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in shares of Comstock Resources by 3.4% during the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 1,055 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Comstock Resources by 7.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock valued at $340,000 after purchasing an additional 3,345 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in shares of Comstock Resources during the 3rd quarter valued at about $304,000. Bank of New York Mellon Corp boosted its position in shares of Comstock Resources by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock valued at $389,000 after purchasing an additional 10,480 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Comstock Resources during the 3rd quarter valued at about $430,000. Institutional investors own 52.69% of the company’s stock.

Shares of Comstock Resources (NYSE:CRK) opened at $9.35 on Friday. Comstock Resources has a 52-week low of $4.01 and a 52-week high of $13.42. The company has a market capitalization of $144.09, a PE ratio of -1.02 and a beta of -0.49. The company has a debt-to-equity ratio of -3.32, a current ratio of 0.58 and a quick ratio of 0.58.

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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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