Comstock Resources (CRK) to Release Quarterly Earnings on Tuesday

Comstock Resources (NYSE:CRK) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $370.62 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Comstock Resources Stock Up 2.1 %

Shares of NYSE CRK opened at $18.56 on Monday. Comstock Resources has a 12-month low of $7.23 and a 12-month high of $22.06. The company has a market capitalization of $5.42 billion, a PE ratio of -103.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s 50-day moving average is $18.37 and its two-hundred day moving average is $14.05.

Insider Buying and Selling

In other news, Director Elizabeth B. Davis sold 10,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.62, for a total value of $156,200.00. Following the completion of the sale, the director now owns 143,781 shares of the company’s stock, valued at $2,245,859.22. This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 38,000 shares of company stock valued at $634,660. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CRK shares. Morgan Stanley started coverage on shares of Comstock Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $18.00 price target on the stock. Piper Sandler upped their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Truist Financial upped their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 13th. Bank of America began coverage on shares of Comstock Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $18.00 in a research report on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comstock Resources has an average rating of “Hold” and an average target price of $13.40.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.