FY2021 EPS Estimates for Comstock Resources, Inc. (NYSE:CRK) Increased by Analyst

Comstock Resources, Inc. (NYSE:CRK) – Stock analysts at Capital One Financial increased their FY2021 earnings per share estimates for shares of Comstock Resources in a research report issued to clients and investors on Wednesday, May 5th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.88 per share for the year, up from their prior estimate of $0.77. Capital One Financial also issued estimates for Comstock Resources’ FY2022 earnings at $0.81 EPS and FY2023 earnings at $0.83 EPS.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Tuesday, May 4th. The oil and gas producer reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.12. Comstock Resources had a negative net margin of 9.08% and a positive return on equity of 7.58%.

A number of other equities analysts have also weighed in on the stock. TheStreet lowered shares of Comstock Resources from a “c-” rating to a “d+” rating in a research report on Wednesday, February 3rd. Mizuho decreased their price target on shares of Comstock Resources from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, April 20th. US Capital Advisors downgraded shares of Comstock Resources from an “overweight” rating to a “hold” rating in a research note on Friday, January 29th. Piper Sandler reissued a “neutral” rating and issued a $6.00 target price (down previously from $6.50) on shares of Comstock Resources in a research note on Monday, March 22nd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reduced their target price on shares of Comstock Resources from $8.00 to $7.00 in a research note on Tuesday, March 23rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Comstock Resources presently has an average rating of “Buy” and a consensus price target of $6.65.

CRK opened at $5.63 on Monday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.39 and a quick ratio of 0.39. The company has a 50 day simple moving average of $5.37 and a two-hundred day simple moving average of $5.16. Comstock Resources has a 1-year low of $4.08 and a 1-year high of $7.38. The firm has a market cap of $1.31 billion, a P/E ratio of -10.83 and a beta of 1.62.

A number of institutional investors and hedge funds have recently bought and sold shares of CRK. Signaturefd LLC purchased a new position in shares of Comstock Resources during the 4th quarter valued at approximately $47,000. CWM LLC boosted its stake in Comstock Resources by 83.5% during the 4th quarter. CWM LLC now owns 14,379 shares of the oil and gas producer’s stock worth $63,000 after purchasing an additional 6,544 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Comstock Resources during the 1st quarter worth $75,000. BNP Paribas Arbitrage SA boosted its stake in Comstock Resources by 113.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,952 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 7,425 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Comstock Resources during the 4th quarter worth $78,000. 22.98% of the stock is owned by institutional investors.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration for, development, and production of oil and natural gas primarily in Texas, Louisiana, and North Dakota. As of December 31, 2020, the company had 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent of proved reserves.

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

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