Comstock Resources Inc (CRK) Expected to Post FY2017 Earnings of ($5.09) Per Share

Comstock Resources Inc (NYSE:CRK) – Investment analysts at Seaport Global Securities issued their FY2017 EPS estimates for shares of Comstock Resources in a research report issued on Tuesday. Seaport Global Securities analyst M. Kelly anticipates that the oil and gas producer will earn ($5.09) per share for the year. Seaport Global Securities also issued estimates for Comstock Resources’ Q4 2017 earnings at ($1.49) EPS, Q1 2018 earnings at ($0.20) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.18) EPS, Q4 2018 earnings at ($0.17) EPS and FY2018 earnings at ($0.74) EPS.

CRK has been the topic of several other research reports. Barclays dropped their price target on Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock 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. ValuEngine downgraded Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Robert W. Baird set a $12.00 price target on Comstock Resources and gave the company a “buy” rating in a research note on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.40.

Shares of Comstock Resources (CRK) opened at $7.59 on Thursday. Comstock Resources has a 12 month low of $4.01 and a 12 month high of $13.42. The stock has a market capitalization of $116.48, a PE ratio of -0.82 and a beta of -0.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of -3.32.

In related news, CEO M Jay Allison acquired 41,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $6.17 per share, for a total transaction of $252,970.00. Following the acquisition, the chief executive officer now directly owns 520,130 shares of the company’s stock, valued at $3,209,202.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.60% of the company’s stock.

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

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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.

Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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