-$1.09 Earnings Per Share Expected for Comstock Resources Inc (CRK) This Quarter

Equities research analysts forecast that Comstock Resources Inc (NYSE:CRK) will post ($1.09) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Comstock Resources’ earnings. The lowest EPS estimate is ($1.49) and the highest is ($0.88). Comstock Resources posted earnings of ($2.58) per share in the same quarter last year, which indicates a positive year over year growth rate of 57.8%. The firm is scheduled to report its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that Comstock Resources will report full-year earnings of ($4.77) per share for the current financial year, with EPS estimates ranging from ($5.09) to ($4.49). For the next year, analysts anticipate that the company will report earnings of ($3.26) per share, with EPS estimates ranging from ($5.05) to ($0.74). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Comstock Resources.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported ($1.10) EPS for the quarter, beating the consensus estimate of ($1.45) by $0.35.

Several research firms recently commented on CRK. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research report on Friday, November 24th. Robert W. Baird set a $12.00 price objective on shares of Comstock Resources and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Barclays cut their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Comstock Resources currently has a consensus rating of “Hold” and a consensus price target of $11.75.

In other Comstock Resources news, CEO M Jay Allison purchased 41,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $6.17 per share, with a total value of $252,970.00. Following the transaction, the chief executive officer now directly owns 520,130 shares of the company’s stock, valued at approximately $3,209,202.10. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 173,500 shares of company stock worth $1,136,570 over the last three months. Insiders own 11.60% of the company’s stock.

A number of large investors have recently modified their holdings of CRK. Northern Trust Corp lifted its position in 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 worth $225,000 after buying an additional 1,055 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in Comstock Resources during the 3rd quarter worth about $304,000. Russell Investments Group Ltd. lifted its position in Comstock Resources by 22.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 59,041 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 10,936 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 worth $389,000 after buying an additional 10,480 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in Comstock Resources during the 3rd quarter worth about $430,000. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comstock Resources (NYSE CRK) opened at $8.78 on Monday. The company has a market cap of $135.45, a price-to-earnings ratio of -0.95 and a beta of -0.49. Comstock Resources has a 52-week low of $4.01 and a 52-week high of $13.42. 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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