Comstock Resources Inc (NYSE:CRK) – US Capital Advisors decreased their Q1 2019 earnings per share (EPS) estimates for Comstock Resources in a research note issued to investors on Thursday, August 30th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.18. US Capital Advisors also issued estimates for Comstock Resources’ Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.19 EPS.

Other equities analysts also recently issued research reports about the company. LADENBURG THALM/SH SH upgraded Comstock Resources from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, August 9th. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, June 12th. Capital One Financial upgraded Comstock Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 22nd. ValuEngine upgraded Comstock Resources from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Stifel Nicolaus started coverage on Comstock Resources in a report on Tuesday, May 22nd. They issued a “hold” rating and a $9.80 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.16.

NYSE:CRK opened at $9.37 on Monday. Comstock Resources has a 52 week low of $4.01 and a 52 week high of $12.32. The company has a market capitalization of $157.58 million, a P/E ratio of -2.47 and a beta of -0.14. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.07 and a current ratio of 1.07.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.78) EPS for the quarter, hitting analysts’ consensus estimates of ($0.78). The firm had revenue of $61.45 million during the quarter, compared to analyst estimates of $62.35 million.

A number of hedge funds have recently made changes to their positions in CRK. Quantbot Technologies LP acquired a new position in Comstock Resources during the first quarter valued at approximately $104,000. Zacks Investment Management acquired a new position in Comstock Resources during the second quarter valued at approximately $144,000. Engineers Gate Manager LP acquired a new position in Comstock Resources during the second quarter valued at approximately $168,000. GSA Capital Partners LLP acquired a new position in Comstock Resources during the second quarter valued at approximately $184,000. Finally, A.R.T. Advisors LLC acquired a new position in Comstock Resources during the first quarter valued at approximately $230,000. Institutional investors own 38.29% 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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Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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