Equities research analysts expect that Comstock Resources Inc (NYSE:CRK) will report earnings of ($0.98) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Comstock Resources’ earnings, with the lowest EPS estimate coming in at ($1.49) and the highest estimate coming in at ($0.62). Comstock Resources reported earnings of ($2.58) per share during the same quarter last year, which would indicate a positive year over year growth rate of 62%. The business is expected to report its next quarterly earnings results on Friday, February 23rd.
On average, analysts expect that Comstock Resources will report full year earnings of ($4.69) per share for the current fiscal year, with EPS estimates ranging from ($5.09) to ($4.24). For the next year, analysts anticipate that the business will report earnings of ($3.24) per share, with EPS estimates ranging from ($5.05) to ($0.74). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Comstock Resources.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings results 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. The firm had revenue of $66.81 million for the quarter, compared to the consensus estimate of $65.46 million.
Shares of Comstock Resources (NYSE:CRK) traded down $0.25 during trading hours on Monday, reaching $10.24. 564,870 shares of the company traded hands, compared to its average volume of 410,004. The company has a market cap of $161.84, a P/E ratio of -1.11 and a beta of -0.49. Comstock Resources has a one year low of $4.01 and a one year high of $13.18. The company has a debt-to-equity ratio of -3.32, a current ratio of 0.58 and a quick ratio of 0.58.
In related news, CEO M Jay Allison acquired 120,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of $6.53 per share, with a total value of $783,600.00. Following the transaction, the chief executive officer now directly owns 520,130 shares in the company, valued at $3,396,448.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 173,500 shares of company stock valued at $1,136,570. 11.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in Comstock Resources in the 3rd quarter valued at about $430,000. ACR Alpine Capital Research LLC purchased a new stake in Comstock Resources in the 3rd quarter valued at about $304,000. Vanguard Group Inc. boosted its position in Comstock Resources by 40.4% in the 2nd quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after buying an additional 180,935 shares during the period. First Washington CORP boosted its position in Comstock Resources by 227.8% in the 3rd quarter. First Washington CORP now owns 368,562 shares of the oil and gas producer’s stock valued at $2,241,000 after buying an additional 256,122 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in 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 buying an additional 10,480 shares during the period. 52.85% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comstock Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources and related companies with MarketBeat.com's FREE daily email newsletter.