Zacks: Analysts Expect Comstock Resources Inc (CRK) to Post $0.28 Earnings Per Share

Equities research analysts expect Comstock Resources Inc (NYSE:CRK) to report earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Comstock Resources’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.21. Comstock Resources reported earnings of ($0.31) per share during the same quarter last year, which would indicate a positive year over year growth rate of 190.3%. The company is scheduled to report its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that Comstock Resources will report full-year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from ($0.43) to $0.35. For the next year, analysts anticipate that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.72 to $1.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Comstock Resources.

NYSE CRK traded down $0.13 on Monday, reaching $6.50. The company had a trading volume of 303,315 shares, compared to its average volume of 431,163. The stock has a market cap of $695.57 million, a PE ratio of -1.67 and a beta of 0.69. Comstock Resources has a 1 year low of $4.21 and a 1 year high of $12.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.38.

Several institutional investors have recently added to or reduced their stakes in the company. First Dallas Securities Inc. boosted its stake in shares of Comstock Resources by 17.6% during the 3rd quarter. First Dallas Securities Inc. now owns 47,056 shares of the oil and gas producer’s stock valued at $395,000 after buying an additional 7,050 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Comstock Resources during the 2nd quarter valued at approximately $144,000. Penn Capital Management Co. Inc. purchased a new position in shares of Comstock Resources during the 3rd quarter valued at approximately $128,000. GSA Capital Partners LLP purchased a new position in shares of Comstock Resources during the 2nd quarter valued at approximately $184,000. Finally, HRT Financial LLC purchased a new position in shares of Comstock Resources during the 3rd quarter valued at approximately $220,000. Institutional investors own 5.97% of the company’s stock.

Comstock Resources Company Profile

Comstock Resources, Inc engages in the acquisition, development, and exploration of oil and natural gas. It focuses primarily on properties located in Texas and Louisiana. The company was founded in 1919 and is headquartered in Frisco, TX.

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