Comstock Resources, Inc. (NYSE:CRK) is scheduled to be announcing its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of ($1.59) per share for the quarter.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.67) by $0.60. The company had revenue of $61.47 million during the quarter, compared to the consensus estimate of $63.93 million. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts expect Comstock Resources to post $-5.45 EPS for the current fiscal year and $-3.75 EPS for the next fiscal year.
Comstock Resources, Inc. (NYSE CRK) opened at 4.42 on Monday. Comstock Resources, Inc. has a 12-month low of $4.01 and a 12-month high of $13.42. The stock has a 50 day moving average of $5.32 and a 200 day moving average of $6.79. The company’s market capitalization is $68.41 million.
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A hedge fund recently raised its stake in Comstock Resources stock. Northern Trust Corp boosted its position in shares of Comstock Resources, Inc. (NYSE:CRK) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,745 shares of the oil and gas producer’s stock after purchasing an additional 1,055 shares during the quarter. Northern Trust Corp owned 0.21% of Comstock Resources worth $225,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 53.42% of the company’s stock.
CRK has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Barclays PLC dropped their target price on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “hold” rating on shares of Comstock Resources in a research note on Monday, October 16th. Zacks Investment Research downgraded shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus set a $12.00 target price on shares of Comstock Resources and gave the stock a “buy” rating in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.40.
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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