Comstock Resources (CRK) to Release Quarterly Earnings on Tuesday

Comstock Resources (NYSE:CRK) is expected to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Comstock Resources Stock Up 2.1 %

Shares of CRK stock opened at $18.56 on Friday. Comstock Resources has a 52-week low of $7.23 and a 52-week high of $22.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -103.08, a PEG ratio of 1.45 and a beta of 0.48. The firm’s 50-day moving average is $18.37 and its 200-day moving average is $14.02.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Mizuho upgraded Comstock Resources from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Truist Financial upped their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Bank of America started coverage on shares of Comstock Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $14.00 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 stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, Citigroup upped their price target on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.40.

Insider Buying and Selling at Comstock Resources

In related news, Director Elizabeth B. Davis sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.17, for a total transaction of $145,360.00. Following the completion of the sale, the director now directly owns 99,632 shares in the company, valued at approximately $1,810,313.44. The trade was a 7.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 38,000 shares of company stock worth $634,660 over the last three months. Corporate insiders own 2.00% of the company’s stock.

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.