Comstock Resources Inc (NYSE:CRK) – Seaport Global Securities cut their FY2019 EPS estimates for Comstock Resources in a research report issued on Monday, June 10th. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn $0.76 per share for the year, down from their previous estimate of $0.92. Seaport Global Securities also issued estimates for Comstock Resources’ Q4 2019 earnings at $0.26 EPS and Q2 2020 earnings at $0.20 EPS.

Comstock Resources (NYSE:CRK) last announced its earnings results on Thursday, May 9th. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). Comstock Resources had a return on equity of 14.66% and a net margin of 6.04%. The business had revenue of $126.88 million for the quarter, compared to analysts’ expectations of $130.70 million.

CRK has been the topic of a number of other reports. B. Riley assumed coverage on Comstock Resources in a research report on Monday, May 20th. They set a “neutral” rating and a $6.50 target price on the stock. Capital One Financial lowered Comstock Resources from an “equal weight” rating to an “underweight” rating in a report on Wednesday, March 20th. ValuEngine lowered Comstock Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised Comstock Resources from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.33.

Shares of NYSE CRK opened at $5.21 on Wednesday. Comstock Resources has a 1 year low of $4.17 and a 1 year high of $12.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.17.

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. bought a new stake in Comstock Resources in the fourth quarter valued at about $61,000. KBC Group NV increased its holdings in Comstock Resources by 20.5% in the fourth quarter. KBC Group NV now owns 53,444 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 9,076 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Comstock Resources in the fourth quarter valued at about $277,000. First Trust Advisors LP bought a new stake in Comstock Resources in the fourth quarter valued at about $619,000. Finally, CWM LLC bought a new stake in Comstock Resources in the first quarter valued at about $435,000. 6.87% of the stock is owned by hedge funds and other institutional investors.

Comstock Resources Company Profile

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.

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

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