Brokerages forecast that Comstock Resources, Inc. (NYSE:CRK) will report earnings of ($1.65) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Comstock Resources’ earnings. The highest EPS estimate is ($0.68) and the lowest is ($2.14). Comstock Resources posted earnings per share of ($4.05) in the same quarter last year, which suggests a positive year over year growth rate of 59.3%. The business is expected to announce its next earnings results before the market opens on Monday, August 7th.
According to Zacks, analysts expect that Comstock Resources will report full year earnings of ($4.59) per share for the current financial year, with EPS estimates ranging from ($6.58) to ($3.09). For the next year, analysts anticipate that the firm will post earnings of ($3.85) per share, with EPS estimates ranging from ($9.90) to ($0.77). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Comstock Resources.
Comstock Resources (NYSE:CRK) last released its earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.86) by $0.11. The company had revenue of $53.80 million for the quarter, compared to analyst estimates of $57.96 million. During the same quarter in the previous year, the firm earned ($1.14) EPS.
A number of institutional investors have recently made changes to their positions in the stock. Segantii Capital Management Ltd purchased a new position in shares of Comstock Resources during the first quarter valued at approximately $148,000. GSA Capital Partners LLP bought a new position in Comstock Resources during the fourth quarter valued at about $170,000. SG Americas Securities LLC bought a new position in Comstock Resources during the first quarter valued at about $176,000. First Dallas Securities Inc. raised its position in 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 valued at $299,000 after buying an additional 3,787 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Comstock Resources by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 44,490 shares of the oil and gas producer’s stock valued at $410,000 after buying an additional 19,627 shares in the last quarter. 49.80% of the stock is owned by institutional investors and hedge funds.
Comstock Resources (NYSE:CRK) traded up 2.22% on Friday, hitting $6.91. 24,580 shares of the company were exchanged. The company’s market capitalization is $106.22 million. The stock has a 50 day moving average of $6.95 and a 200 day moving average of $8.82. Comstock Resources has a 52 week low of $2.64 and a 52 week high of $13.42.
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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