Comstock Resources Inc (NYSE:CRK) – US Capital Advisors issued their Q3 2019 earnings per share estimates for Comstock Resources in a report released on Wednesday, October 16th. US Capital Advisors analyst C. Horwitz expects that the oil and gas producer will post earnings of $0.19 per share for the quarter. US Capital Advisors also issued estimates for Comstock Resources’ Q4 2019 earnings at $0.20 EPS, Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.15 EPS, Q4 2020 earnings at $0.19 EPS, FY2020 earnings at $0.69 EPS, Q1 2021 earnings at $0.26 EPS, Q2 2021 earnings at $0.12 EPS, Q3 2021 earnings at $0.14 EPS and FY2021 earnings at $0.72 EPS.
Separately, Seaport Global Securities downgraded shares of Comstock Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.33.
CRK stock opened at $7.02 on Monday. Comstock Resources has a one year low of $4.17 and a one year high of $10.70. The company’s 50 day moving average price is $7.84 and its two-hundred day moving average price is $6.28. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.66 and a quick ratio of 0.66.
Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The business had revenue of $128.12 million for the quarter, compared to analysts’ expectations of $127.90 million. Comstock Resources had a return on equity of 12.24% and a net margin of 16.09%.
In other Comstock Resources news, VP Russell W. Romoser sold 6,319 shares of Comstock Resources stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $9.36, for a total transaction of $59,145.84. Following the transaction, the vice president now directly owns 58,489 shares of the company’s stock, valued at $547,457.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. raised its stake in shares of Comstock Resources by 30.0% during the second quarter. Hilltop Holdings Inc. now owns 13,000 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 3,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Comstock Resources by 233.9% in the second quarter. Wells Fargo & Company MN now owns 6,781 shares of the oil and gas producer’s stock worth $38,000 after buying an additional 4,750 shares during the period. Prime Capital Investment Advisors LLC increased its stake in shares of Comstock Resources by 22.3% in the second quarter. Prime Capital Investment Advisors LLC now owns 54,880 shares of the oil and gas producer’s stock worth $306,000 after buying an additional 10,020 shares during the period. Northern Trust Corp increased its stake in shares of Comstock Resources by 10.2% in the second quarter. Northern Trust Corp now owns 134,642 shares of the oil and gas producer’s stock worth $750,000 after buying an additional 12,507 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Comstock Resources in the second quarter worth $71,000. 3.43% of the stock is currently owned by hedge funds and other institutional investors.
About Comstock Resources
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
Featured Article: Stock Selection – What is cash flow?
Receive News & Ratings for Comstock Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources and related companies with MarketBeat.com's FREE daily email newsletter.