Comstock Resources Inc (NYSE:CRK) – KeyCorp lifted their Q1 2018 earnings per share estimates for Comstock Resources in a report released on Monday. KeyCorp analyst C. Stevens now expects that the oil and gas producer will post earnings of ($0.22) per share for the quarter, up from their previous estimate of ($0.63). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Comstock Resources’ Q2 2018 earnings at ($0.42) EPS, Q3 2018 earnings at ($0.35) EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($1.05) EPS and FY2019 earnings at $0.40 EPS.
Separately, Robert W. Baird set a $12.00 price target on Comstock Resources and gave the stock a “buy” rating in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.94) by $0.63. The company had revenue of $73.25 million for the quarter, compared to analysts’ expectations of $71.92 million. During the same period in the previous year, the business posted ($2.58) EPS.
In other Comstock Resources news, CEO M Jay Allison acquired 12,500 shares of the stock in a transaction dated Thursday, December 28th. The stock was acquired at an average price of $8.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the chief executive officer now directly owns 611,630 shares in the company, valued at $4,893,040. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 173,500 shares of company stock valued at $1,136,570. Company insiders own 11.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. PEAK6 Investments L.P. purchased a new stake in shares of Comstock Resources in the fourth quarter valued at $104,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Comstock Resources in the fourth quarter valued at $228,000. Northern Trust Corp grew its position in shares of Comstock Resources by 3.4% in the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 1,055 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in shares of Comstock Resources in the fourth quarter valued at $307,000. Finally, Citadel Advisors LLC grew its position in shares of Comstock Resources by 339.3% in the fourth quarter. Citadel Advisors LLC now owns 44,516 shares of the oil and gas producer’s stock valued at $377,000 after purchasing an additional 34,383 shares during the period. 53.77% of the stock is owned by institutional investors and hedge funds.
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.
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