Comstock Resources (CRK) to Release Quarterly Earnings on Wednesday

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Comstock Resources (NYSE:CRK) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). Comstock Resources had a net margin of 6.04% and a return on equity of 14.66%. The company had revenue of $126.88 million during the quarter, compared to analyst estimates of $130.70 million. On average, analysts expect Comstock Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Comstock Resources stock opened at $5.93 on Tuesday. The company has a fifty day moving average of $5.78. Comstock Resources has a 1 year low of $4.17 and a 1 year high of $9.98. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.68 and a current ratio of 0.68.

In other news, major shareholder Star Exploration Corp Blue acquired 50,000,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were bought at an average price of $6.00 per share, for a total transaction of $300,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

A number of equities research analysts recently issued reports on CRK shares. ValuEngine cut shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. Capital One Financial upgraded Comstock Resources from an “underweight” rating to an “equal weight” rating in a report on Thursday, May 23rd. B. Riley initiated coverage on Comstock Resources in a report on Monday, May 20th. They issued a “neutral” rating and a $6.50 price objective on the stock. Finally, Zacks Investment Research lowered Comstock Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Comstock Resources presently has an average rating of “Hold” and a consensus target price of $8.33.

About Comstock Resources

Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.

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Earnings History for Comstock Resources (NYSE:CRK)

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