Comstock Resources (CRK) Set to Announce Quarterly Earnings on Thursday

Comstock Resources (NYSE:CRK) will issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.91) per share for the quarter.

Shares of Comstock Resources (NYSE:CRK) opened at $6.78 on Tuesday. The stock has a market capitalization of $104.60, a P/E ratio of -0.74 and a beta of -0.30. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of -3.32. Comstock Resources has a 1 year low of $4.01 and a 1 year high of $11.14.

In related news, CEO M Jay Allison purchased 41,000 shares of the stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $6.17 per share, for a total transaction of $252,970.00. Following the completion of the transaction, the chief executive officer now directly owns 520,130 shares of the company’s stock, valued at approximately $3,209,202.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 173,500 shares of company stock worth $1,136,570 over the last quarter. Company insiders own 11.60% of the company’s stock.

An institutional investor recently raised its position in Comstock Resources stock. Northern Trust Corp raised its stake in Comstock Resources Inc (NYSE:CRK) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,745 shares of the oil and gas producer’s stock after acquiring an additional 1,055 shares during the period. Northern Trust Corp owned about 0.21% of Comstock Resources worth $225,000 as of its most recent SEC filing. 53.77% of the stock is currently owned by hedge funds and other institutional investors.

CRK has been the topic of a number of research reports. Robert W. Baird set a $12.00 price objective on Comstock Resources and gave the company a “buy” rating in a research report on Friday, November 17th. KeyCorp restated a “hold” rating on shares of Comstock Resources in a research report on Friday, November 24th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.75.

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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.

Earnings History for Comstock Resources (NYSE:CRK)

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