Comstock Resources Inc. (NYSE:CRK) – Investment analysts at Imperial Capital issued their Q1 2018 earnings per share estimates for shares of Comstock Resources in a research report issued on Friday. Imperial Capital analyst K. Pacanovsky forecasts that the brokerage will post earnings per share of ($1.63) for the quarter. Imperial Capital currently has a “In-Line” rating and a $8.50 target price on the stock. Imperial Capital also issued estimates for Comstock Resources’ Q2 2018 earnings at ($1.85) EPS and Q3 2018 earnings at ($1.89) EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Comstock Resources in a report on Wednesday, August 31st. Finally, Robert W. Baird raised their price objective on shares of Comstock Resources from $6.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.54.
Comstock Resources (NYSE:CRK) traded down 5.52% during trading on Monday, hitting $8.04. 725,460 shares of the company traded hands. Comstock Resources has a 52-week low of $2.64 and a 52-week high of $15.00. The firm’s market cap is $100.53 million. The company’s 50-day moving average is $7.25 and its 200 day moving average is $4.86.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 1st. The company reported ($4.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by $3.39. Comstock Resources had a negative net margin of 475.42% and a negative return on equity of 202.37%. The firm earned $40.72 million during the quarter, compared to analyst estimates of $39.16 million. During the same quarter in the prior year, the firm earned ($1.11) earnings per share. The business’s revenue for the quarter was down 47.3% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Comstock Resources during the first quarter worth about $121,000. Cubist Systematic Strategies LLC raised its position in shares of Comstock Resources by 16.1% in the second quarter. Cubist Systematic Strategies LLC now owns 158,435 shares of the company’s stock worth $133,000 after buying an additional 21,992 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of Comstock Resources during the second quarter worth about $229,000. Mariner Investment Group LLC acquired a new position in shares of Comstock Resources during the second quarter worth about $237,000. Finally, Spark Investment Management LLC acquired a new position in shares of Comstock Resources during the second quarter worth about $313,000.
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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