Comstock Resources, Inc. (NYSE:CRK) – Stock analysts at Seaport Global Securities raised their Q2 2017 EPS estimates for Comstock Resources in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of ($2.05) per share for the quarter, up from their prior forecast of ($2.87). Seaport Global Securities has a “Buy” rating and a $17.00 price target on the stock. Seaport Global Securities also issued estimates for Comstock Resources’ Q3 2017 earnings at ($0.45) EPS, Q4 2017 earnings at ($0.47) EPS, FY2017 earnings at ($3.09) EPS, Q1 2018 earnings at ($0.54) EPS, Q2 2018 earnings at ($0.56) EPS, Q3 2018 earnings at ($0.55) EPS, Q4 2018 earnings at ($0.55) EPS and FY2018 earnings at ($2.20) EPS.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($1.75) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.86) by $0.11. The business had revenue of $53.80 million during the quarter, compared to analyst estimates of $57.96 million. During the same quarter in the prior year, the firm posted ($1.14) earnings per share.
CRK has been the subject of a number of other reports. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, March 1st. Stifel Nicolaus assumed coverage on Comstock Resources in a report on Thursday, March 23rd. They issued a “buy” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Comstock Resources presently has an average rating of “Hold” and a consensus price target of $12.50.
Comstock Resources (CRK) opened at 7.03 on Friday. The company has a 50 day moving average price of $7.56 and a 200 day moving average price of $9.32. The firm’s market capitalization is $108.07 million. Comstock Resources has a 12 month low of $2.64 and a 12 month high of $13.42.
Several large investors have recently added to or reduced their stakes in CRK. First Dallas Securities Inc. boosted its position in shares of Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 3,787 shares during the last quarter. Segantii Capital Management Ltd bought a new position in shares of Comstock Resources during the first quarter valued at about $148,000. GSA Capital Partners LLP bought a new position in shares of Comstock Resources during the fourth quarter valued at about $170,000. SG Americas Securities LLC bought a new position in shares of Comstock Resources during the first quarter valued at about $176,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Comstock Resources by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 44,490 shares of the oil and gas producer’s stock valued at $410,000 after buying an additional 19,627 shares during the last quarter. Hedge funds and other institutional investors own 49.95% of the company’s stock.
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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