Comstock Resources, Inc. (NYSE:CRK) – Stock analysts at KeyCorp lowered their FY2016 EPS estimates for Comstock Resources in a research report issued on Monday. KeyCorp analyst C. Stevens now expects that the firm will earn ($14.32) per share for the year, down from their previous estimate of ($14.27). KeyCorp also issued estimates for Comstock Resources’ Q4 2016 earnings at ($2.28) EPS and FY2017 earnings at ($5.10) EPS.

A number of other brokerages have also recently issued reports on CRK. Zacks Investment Research raised shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, January 3rd. Imperial Capital lifted their price objective on shares of Comstock Resources from $3.75 to $8.50 and gave the company an “in-line” rating in a research note on Friday, October 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $10.00 price objective on shares of Comstock Resources in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Comstock Resources presently has a consensus rating of “Hold” and a consensus target price of $8.40.

Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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Shares of Comstock Resources (NYSE:CRK) opened at 10.12 on Thursday. Comstock Resources has a 12 month low of $2.64 and a 12 month high of $11.62. The firm’s 50 day moving average is $10.09 and its 200 day moving average is $7.52. The company’s market cap is $136.16 million.

Comstock Resources (NYSE:CRK) last issued its earnings results on Tuesday, November 8th. The company reported ($3.27) EPS for the quarter, missing the consensus estimate of ($2.45) by $0.82. The business had revenue of $50.33 million for the quarter, compared to the consensus estimate of $44.98 million. The business’s revenue was down 18.0% on a year-over-year basis. During the same period last year, the firm earned ($5.30) EPS.

In other Comstock Resources news, Director Cecil E. Martin, Jr. purchased 5,500 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were bought at an average price of $8.95 per share, for a total transaction of $49,225.00. Following the completion of the acquisition, the director now owns 34,524 shares in the company, valued at $308,989.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO M Jay Allison sold 8,000 shares of Comstock Resources stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $10.12, for a total transaction of $80,960.00. Following the transaction, the chief executive officer now owns 393,919 shares in the company, valued at approximately $3,986,460.28. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This news story was published by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The original version of this news story can be viewed at http://www.dailypolitical.com/2017/01/14/keycorp-comments-on-comstock-resources-inc-s-fy2016-earnings-crk.html.

Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Comstock Resources by 10.4% in the second quarter. California Public Employees Retirement System now owns 1,641,256 shares of the company’s stock worth $1,379,000 after buying an additional 154,700 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of Comstock Resources during the second quarter worth approximately $229,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Comstock Resources during the third quarter worth approximately $864,000. Coastland Capital LLC acquired a new position in shares of Comstock Resources during the third quarter worth approximately $935,000. Finally, Wells Fargo & Company MN raised its position in shares of Comstock Resources by 596.2% in the third quarter. Wells Fargo & Company MN now owns 60,578 shares of the company’s stock worth $463,000 after buying an additional 51,877 shares during the period. Institutional investors own 41.18% of the company’s stock.

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.

5 Day Chart for NYSE:CRK

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