Comstock Resources, Inc. (NYSE:CRK) – Equities research analysts at Seaport Global Securities boosted their Q3 2017 EPS estimates for Comstock Resources in a report released on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn ($1.70) per share for the quarter, up from their previous forecast of ($1.92). Seaport Global Securities also issued estimates for Comstock Resources’ Q4 2017 earnings at ($1.58) EPS, FY2017 earnings at ($6.09) EPS, Q1 2018 earnings at ($0.28) EPS, Q2 2018 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.23) EPS, Q4 2018 earnings at ($0.21) EPS and FY2018 earnings at ($1.00) EPS.

Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) EPS for the quarter, beating the consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to analyst estimates of $63.93 million. During the same period in the previous year, the company posted $0.41 EPS.

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Other equities research analysts have also issued research reports about the stock. Capital One Financial Corporation restated an “underweight” rating on shares of Comstock Resources in a research note on Monday. Zacks Investment Research lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Comstock Resources currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Comstock Resources (CRK) opened at 6.63 on Thursday. The stock has a 50 day moving average price of $6.87 and a 200 day moving average price of $8.50. The firm’s market cap is $101.92 million. Comstock Resources has a 52-week low of $3.94 and a 52-week high of $13.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRK. Segantii Capital Management Ltd acquired a new position in Comstock Resources during the first quarter worth $148,000. SG Americas Securities LLC acquired a new position in Comstock Resources during the first quarter worth $176,000. First Dallas Securities Inc. raised its position in Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,787 shares in the last quarter. Russell Investments Group Ltd. raised its position in Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares in the last quarter. Institutional investors and hedge funds own 50.77% of the company’s stock.

About Comstock Resources

Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.

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

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