Comstock Resources, Inc. (NYSE:CRK) – Equities research analysts at Capital One Financial Corporation boosted their FY2017 earnings per share estimates for shares of Comstock Resources in a report released on Thursday. Capital One Financial Corporation analyst P. Johnston now forecasts that the oil and gas producer will earn ($4.52) per share for the year, up from their previous estimate of ($4.72). Capital One Financial Corporation has a “Underweight” rating on the stock.
A number of other brokerages also recently weighed in on CRK. 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 lowered 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 reissued a “hold” rating on shares of Comstock Resources in a research note on Monday, October 16th. Stifel Nicolaus set a $12.00 price target on shares of Comstock Resources and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. 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’s stock. Comstock Resources has a consensus rating of “Hold” and a consensus price target of $12.40.
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Comstock Resources (NYSE CRK) opened at $5.62 on Monday. 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 quick ratio of 0.58 and a current ratio of 0.58.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.60. The business had revenue of $61.47 million for the quarter, compared to the consensus estimate of $63.93 million. During the same period in the previous year, the business posted $0.41 EPS.
A number of institutional investors have recently added to or reduced their stakes in CRK. Hodges Capital Management Inc. boosted its stake in Comstock Resources by 5.9% in the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock valued at $11,198,000 after acquiring an additional 87,805 shares during the last quarter. Vanguard Group Inc. boosted its stake in Comstock Resources by 40.4% in the second quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after acquiring an additional 180,935 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Comstock Resources in the first quarter valued at about $1,536,000. Parkwood LLC boosted its stake in Comstock Resources by 59.9% in the second quarter. Parkwood LLC now owns 126,347 shares of the oil and gas producer’s stock valued at $893,000 after acquiring an additional 47,326 shares during the last quarter. Finally, First Washington CORP purchased a new position in Comstock Resources in the second quarter valued at about $795,000. Institutional investors and hedge funds own 53.29% 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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