Equities analysts forecast that Comstock Resources, Inc. (NYSE:CRK) will announce $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Comstock Resources’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.20. Comstock Resources posted earnings of $0.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1,400%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Comstock Resources will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $1.09. For the next fiscal year, analysts forecast that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.47 to $1.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Comstock Resources.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Tuesday, May 4th. The oil and gas producer reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.12. The business had revenue of $340.49 million during the quarter, compared to analyst estimates of $294.50 million. Comstock Resources had a negative net margin of 23.50% and a positive return on equity of 8.07%.
NYSE CRK traded up $0.36 on Friday, reaching $6.59. The company’s stock had a trading volume of 175,038 shares, compared to its average volume of 2,803,635. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -5.66 and a beta of 1.60. Comstock Resources has a 52 week low of $4.08 and a 52 week high of $6.84. The company’s 50-day moving average price is $5.55.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in Comstock Resources in the first quarter valued at approximately $31,000. Axiom Investment Management LLC acquired a new position in Comstock Resources in the first quarter valued at approximately $57,000. Signaturefd LLC acquired a new stake in Comstock Resources in the fourth quarter worth $47,000. XTX Topco Ltd acquired a new stake in Comstock Resources in the first quarter worth $69,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Comstock Resources in the first quarter worth $75,000. Institutional investors and hedge funds own 19.53% of the company’s stock.
Comstock Resources Company Profile
Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration for, development, and production of oil and natural gas primarily in Texas, Louisiana, and North Dakota. As of December 31, 2020, the company had 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent of proved reserves.
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