Equities analysts expect Comstock Resources Inc (NYSE:CRK) to report earnings per share of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Comstock Resources’ earnings, with estimates ranging from ($0.09) to $0.32. Comstock Resources posted earnings per share of ($1.10) during the same quarter last year, which would indicate a positive year-over-year growth rate of 106.4%. The company is scheduled to report its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Comstock Resources will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from ($0.35) to $0.36. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.71 to $1.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Comstock Resources.

Comstock Resources (NYSE:CRK) last issued its earnings results on Wednesday, August 8th. The oil and gas producer reported ($0.78) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.78). The company had revenue of $61.45 million during the quarter, compared to analyst estimates of $62.35 million.

Separately, LADENBURG THALM/SH SH upgraded Comstock Resources from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, August 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.20.

Several hedge funds have recently modified their holdings of CRK. Quantbot Technologies LP purchased a new position in shares of Comstock Resources during the first quarter valued at $104,000. Zacks Investment Management purchased a new position in shares of Comstock Resources during the second quarter valued at $144,000. Engineers Gate Manager LP purchased a new position in shares of Comstock Resources during the second quarter valued at $168,000. GSA Capital Partners LLP purchased a new position in shares of Comstock Resources during the second quarter valued at $184,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Comstock Resources during the first quarter valued at $230,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Shares of NYSE CRK traded up $0.06 during mid-day trading on Friday, reaching $8.45. The company had a trading volume of 427,226 shares, compared to its average volume of 645,396. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of -2.61. The stock has a market capitalization of $136.41 million, a price-to-earnings ratio of -2.17 and a beta of -0.16. Comstock Resources has a 1-year low of $4.01 and a 1-year high of $12.32.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.

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

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