Brokerages Expect Comstock Resources Inc (CRK) to Post -$0.94 EPS
Wall Street brokerages expect Comstock Resources Inc (NYSE:CRK) to report earnings per share of ($0.94) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Comstock Resources’ earnings, with estimates ranging from ($1.36) to ($0.62). Comstock Resources reported earnings per share of ($2.58) in the same quarter last year, which would indicate a positive year over year growth rate of 63.6%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, February 26th.
According to Zacks, analysts expect that Comstock Resources will report full-year earnings of ($4.65) per share for the current year, with EPS estimates ranging from ($4.96) to ($4.24). For the next financial year, analysts anticipate that the company will report earnings of ($3.24) per share, with EPS estimates ranging from ($5.05) to ($0.74). Zacks’ EPS calculations are an average based on a survey of research analysts that follow Comstock Resources.
CRK has been the topic of several analyst reports. Robert W. Baird set a $12.00 target price on Comstock Resources and gave the company a “buy” rating in a report on Friday, November 17th. KeyCorp reiterated a “hold” rating on shares of Comstock Resources in a report on Friday, November 24th. Three 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 presently has an average rating of “Hold” and a consensus price target of $11.75.
In other Comstock Resources news, CEO M Jay Allison purchased 12,500 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were purchased at an average cost of $8.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief executive officer now owns 611,630 shares of the company’s stock, valued at $4,893,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 173,500 shares of company stock worth $1,136,570 over the last 90 days. Company insiders own 11.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings 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 buying an additional 1,055 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of 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. ACR Alpine Capital Research LLC bought a new position in shares of Comstock Resources during the 3rd quarter worth approximately $304,000. Bank of New York Mellon Corp boosted its holdings in shares of Comstock Resources by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Comstock Resources by 362.4% during the 4th quarter. Virtu Financial LLC now owns 58,828 shares of the oil and gas producer’s stock worth $498,000 after buying an additional 46,107 shares in the last quarter. Hedge funds and other institutional investors own 52.34% of the company’s stock.
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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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