Comstock Resources (NYSE:CRK – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Comstock Resources to post earnings of ($0.13) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Comstock Resources (NYSE:CRK – Get Free Report) last announced its earnings results on Tuesday, July 30th. The oil and gas producer reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Comstock Resources had a negative return on equity of 1.38% and a negative net margin of 1.48%. The business had revenue of $246.80 million for the quarter, compared to analyst estimates of $296.02 million. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts expect Comstock Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Comstock Resources Price Performance
Comstock Resources stock opened at $11.34 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.59 and a current ratio of 0.59. The company’s fifty day moving average price is $10.87 and its 200 day moving average price is $10.57. The stock has a market capitalization of $3.31 billion, a P/E ratio of 51.52 and a beta of 0.47. Comstock Resources has a 1 year low of $7.07 and a 1 year high of $13.39.
Insider Buying and Selling at Comstock Resources
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Siebert Williams Shank cut Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a report on Tuesday, October 15th. Piper Sandler lowered Comstock Resources from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $5.00 in a research note on Thursday, August 15th. BMO Capital Markets raised their target price on Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Mizuho dropped their price target on Comstock Resources from $11.00 to $10.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.79.
Read Our Latest Analysis on Comstock Resources
About Comstock Resources
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.
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