Equities analysts predict that Comstock Resources, Inc. (NYSE:CRK) will announce $67.84 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Comstock Resources’ earnings, with estimates ranging from $63.10 million to $73.26 million. Comstock Resources posted sales of $50.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.8%. The firm is expected to report its next quarterly earnings report on Tuesday, November 14th.
On average, analysts expect that Comstock Resources will report full year sales of $67.84 million for the current financial year, with estimates ranging from $248.80 million to $271.54 million. For the next year, analysts expect that the business will report sales of $327.06 million per share, with estimates ranging from $309.50 million to $346.10 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Comstock Resources.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.60. The company had revenue of $61.47 million for the quarter, compared to the consensus estimate of $63.93 million. During the same quarter last year, the business earned $0.41 EPS.
CRK has been the topic of several recent research reports. Zacks Investment Research downgraded Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Capital One Financial Corporation restated an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.50.
Large investors have recently modified their holdings of the company. Segantii Capital Management Ltd acquired a new stake in shares of Comstock Resources during the first quarter worth about $148,000. SG Americas Securities LLC acquired a new stake in shares of Comstock Resources during the first quarter worth about $176,000. Northern Trust Corp increased its stake in shares of Comstock Resources by 3.4% in the second 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 during the period. First Dallas Securities Inc. increased its stake 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 worth $299,000 after buying an additional 3,787 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares during the period. Institutional investors own 50.77% of the company’s stock.
Comstock Resources (NYSE CRK) opened at 6.71 on Friday. The company’s market cap is $103.86 million. Comstock Resources has a 1-year low of $4.36 and a 1-year high of $13.42. The firm’s 50-day moving average price is $6.85 and its 200-day moving average price is $8.46.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.