Comstock Resources, Inc. Expected to Earn Q2 2017 Earnings of ($1.83) Per Share (CRK)
Comstock Resources, Inc. (NYSE:CRK) – Investment analysts at Seaport Global Securities raised their Q2 2017 earnings per share estimates for shares of Comstock Resources in a report issued on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings per share of ($1.83) for the quarter, up from their previous estimate of ($2.05). Seaport Global Securities also issued estimates for Comstock Resources’ Q3 2017 earnings at ($1.92) EPS, Q4 2017 earnings at ($1.85) EPS, FY2017 earnings at ($7.36) EPS, Q1 2018 earnings at ($0.38) EPS, Q2 2018 earnings at ($0.40) EPS, Q3 2018 earnings at ($0.38) EPS, Q4 2018 earnings at ($0.39) EPS and FY2018 earnings at ($1.54) EPS.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, May 8th. The oil and gas producer reported ($1.75) EPS for the quarter, topping analysts’ consensus estimates of ($1.86) by $0.11. The company had revenue of $53.80 million during the quarter, compared to the consensus estimate of $57.96 million. During the same period last year, the company posted ($1.14) EPS. COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/07/27/comstock-resources-inc-expected-to-earn-q2-2017-earnings-of-1-83-per-share-crk.html.
Separately, Zacks Investment Research cut Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Comstock Resources has a consensus rating of “Hold” and an average target price of $12.50.
Comstock Resources (NYSE CRK) opened at 7.01 on Thursday. The stock has a 50 day moving average of $6.99 and a 200-day moving average of $8.71. The company’s market cap is $107.76 million. Comstock Resources has a 12-month low of $2.64 and a 12-month high of $13.42.
Large investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new stake in Comstock Resources during the first quarter worth approximately $148,000. GSA Capital Partners LLP bought a new stake in Comstock Resources during the fourth quarter worth approximately $170,000. SG Americas Securities LLC bought a new stake in Comstock Resources during the first quarter worth approximately $176,000. First Dallas Securities Inc. boosted its stake 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 worth $299,000 after buying an additional 3,787 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 worth $410,000 after buying an additional 19,627 shares in the last quarter. 49.80% of the stock is currently owned by hedge funds and other institutional investors.
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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