Comstock Resources Inc (NYSE:CRK) – Equities research analysts at KeyCorp raised their FY2019 earnings per share estimates for Comstock Resources in a note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. KeyCorp analyst C. Stevens now expects that the oil and gas producer will post earnings per share of $0.47 for the year, up from their previous estimate of $0.40.
Separately, Zacks Investment Research cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.13.
Comstock Resources stock opened at $5.49 on Thursday. Comstock Resources has a 1-year low of $4.01 and a 1-year high of $10.72. The company has a debt-to-equity ratio of -3.01, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $93.44, a PE ratio of -1.41 and a beta of -0.09.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, February 26th. The oil and gas producer reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.94) by $0.63. The firm had revenue of $73.25 million during the quarter, compared to analysts’ expectations of $71.92 million. During the same period last year, the company earned ($2.58) EPS.
Several large investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its position in shares of Comstock Resources by 3.4% during the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after purchasing an additional 1,055 shares during the period. Russell Investments Group Ltd. lifted its holdings in Comstock Resources by 22.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 59,041 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 10,936 shares in the last quarter. PEAK6 Investments L.P. acquired a new stake in Comstock Resources during the 4th quarter worth approximately $104,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Comstock Resources during the 4th quarter worth approximately $228,000. Finally, Citadel Advisors LLC lifted its holdings in Comstock Resources by 339.3% during the 4th quarter. Citadel Advisors LLC now owns 44,516 shares of the oil and gas producer’s stock worth $377,000 after buying an additional 34,383 shares in the last quarter. 44.19% of the stock is owned by hedge funds and other institutional investors.
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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.
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