Capital One Financial Research Analysts Boost Earnings Estimates for Comstock Resources Inc (CRK)

Comstock Resources Inc (NYSE:CRK) – Analysts at Capital One Financial raised their Q3 2018 EPS estimates for shares of Comstock Resources in a research report issued to clients and investors on Thursday, July 5th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.27. Capital One Financial currently has a “Equal Weight” rating on the stock.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Comstock Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 12th. Finally, Stifel Nicolaus began coverage on Comstock Resources in a research report on Tuesday, May 22nd. They issued a “hold” rating and a $9.80 price objective for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Comstock Resources currently has a consensus rating of “Hold” and an average price target of $9.95.

Shares of Comstock Resources opened at $10.76 on Friday, according to Marketbeat Ratings. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of -2.76. Comstock Resources has a 52-week low of $4.01 and a 52-week high of $11.70. The firm has a market capitalization of $165.93 million, a price-to-earnings ratio of -2.76 and a beta of 0.09.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Thursday, May 10th. The oil and gas producer reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.45. The business had revenue of $72.59 million during the quarter, compared to the consensus estimate of $76.10 million.

Hedge funds have recently added to or reduced their stakes in the company. PEAK6 Investments L.P. bought a new stake in shares of Comstock Resources during the fourth quarter worth $104,000. Quantbot Technologies LP bought a new stake in shares of Comstock Resources during the first quarter worth $104,000. A.R.T. Advisors LLC bought a new stake in shares of Comstock Resources during the first quarter worth $230,000. Trexquant Investment LP bought a new stake in shares of Comstock Resources during the first quarter worth $235,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Comstock Resources during the fourth quarter worth $307,000. Institutional investors own 42.26% of the company’s stock.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas; and New Mexico and the Mid-Continent region. The company owns interests in 1,309 producing oil and natural gas wells.

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

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