Equities analysts expect that Comstock Resources Inc (NYSE:CRK) will post earnings per share of $0.07 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Comstock Resources’ earnings, with estimates ranging from ($0.09) to $0.32. Comstock Resources reported earnings of ($1.10) per share during the same quarter last year, which indicates a positive year over year growth rate of 106.4%. The business is expected to announce 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 financial year, with EPS estimates ranging from ($0.35) to $0.36. For the next year, analysts anticipate that the business will post earnings of $1.02 per share, with EPS estimates ranging from $0.71 to $1.57. Zacks’ EPS calculations are an average based on a survey of research firms that cover Comstock Resources.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported ($0.78) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.78). The company had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $62.35 million.
Shares of Comstock Resources stock traded up $0.06 during trading hours on Friday, hitting $8.45. 427,226 shares of the company were exchanged, compared to its average volume of 645,396. Comstock Resources has a 1 year low of $4.01 and a 1 year high of $12.32. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $136.41 million, a PE ratio of -2.17 and a beta of -0.16.
A number of large investors have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. raised its position in Comstock Resources by 3.5% in the second quarter. Hodges Capital Management Inc. now owns 1,440,522 shares of the oil and gas producer’s stock worth $15,140,000 after acquiring an additional 48,363 shares in the last quarter. Renaissance Technologies LLC raised its position in Comstock Resources by 18.8% in the second quarter. Renaissance Technologies LLC now owns 778,500 shares of the oil and gas producer’s stock worth $8,182,000 after acquiring an additional 123,000 shares in the last quarter. Millennium Management LLC purchased a new position in Comstock Resources in the first quarter worth $2,130,000. Spark Investment Management LLC raised its position in Comstock Resources by 402.3% in the second quarter. Spark Investment Management LLC now owns 280,800 shares of the oil and gas producer’s stock worth $2,951,000 after acquiring an additional 224,900 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Comstock Resources by 69.0% in the first quarter. Russell Investments Group Ltd. now owns 108,677 shares of the oil and gas producer’s stock worth $795,000 after acquiring an additional 44,372 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.
Comstock Resources Company Profile
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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