Comstock Resources, Inc. (NYSE:CRK) – Equities research analysts at Capital One Financial Corporation upped their Q3 2017 earnings per share (EPS) estimates for Comstock Resources in a report released on Tuesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the oil and gas producer will post earnings of ($0.94) per share for the quarter, up from their prior forecast of ($1.85). Capital One Financial Corporation has a “Underweight” rating on the stock. Capital One Financial Corporation also issued estimates for Comstock Resources’ Q4 2017 earnings at ($0.90) EPS, FY2017 earnings at ($4.67) EPS and FY2018 earnings at ($4.47) EPS.
Comstock Resources (NYSE:CRK) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to analyst estimates of $63.93 million. During the same period last year, the business earned $0.41 EPS.
Separately, Zacks Investment Research cut Comstock Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.50.
Shares of Comstock Resources (NYSE:CRK) opened at 6.63 on Thursday. Comstock Resources has a one year low of $3.94 and a one year high of $13.42. The firm’s market cap is $101.92 million. The company has a 50-day moving average of $6.87 and a 200 day moving average of $8.50.
Institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd acquired a new position in shares of Comstock Resources during the first quarter worth about $148,000. SG Americas Securities LLC acquired a new position in shares of Comstock Resources during the first quarter worth about $176,000. First Dallas Securities Inc. raised its position in shares of Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,787 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.
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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