Comstock Resources (NYSE:CRK) will release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Comstock Resources to post earnings of ($0.91) per share for the quarter.
Shares of Comstock Resources (NYSE:CRK) opened at $6.94 on Thursday. Comstock Resources has a 52 week low of $4.01 and a 52 week high of $11.48. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32. The company has a market cap of $109.23, a price-to-earnings ratio of -0.75 and a beta of -0.30.
In related news, CEO M Jay Allison purchased 41,000 shares of the stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $6.17 per share, with a total value of $252,970.00. Following the purchase, the chief executive officer now directly owns 520,130 shares in the company, valued at approximately $3,209,202.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 173,500 shares of company stock valued at $1,136,570. 11.60% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on the stock. KeyCorp restated a “hold” rating on shares of Comstock Resources in a research note on Friday, November 24th. Robert W. Baird set a $12.00 price target on shares of Comstock Resources and gave the stock a “buy” rating in a research report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.
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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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