Comstock Resources (CRK) Scheduled to Post Quarterly Earnings on Tuesday

Comstock Resources (NYSE:CRKGet Free Report) will release its earnings data after the market closes on Tuesday, February 13th. Analysts expect Comstock Resources to post earnings of $0.19 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Comstock Resources Stock Down 1.9 %

Shares of NYSE CRK opened at $7.36 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.10. Comstock Resources has a 52 week low of $7.30 and a 52 week high of $13.48. The firm has a 50-day moving average price of $8.55 and a 200 day moving average price of $10.59. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 3.29 and a beta of 0.70.

Institutional Investors Weigh In On Comstock Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Comstock Resources by 2.8% during the second quarter. BlackRock Inc. now owns 14,505,907 shares of the oil and gas producer’s stock worth $168,269,000 after buying an additional 393,075 shares in the last quarter. State Street Corp grew its holdings in shares of Comstock Resources by 19.3% during the first quarter. State Street Corp now owns 10,279,079 shares of the oil and gas producer’s stock worth $110,911,000 after buying an additional 1,660,068 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Comstock Resources by 36.4% during the third quarter. Vanguard Group Inc. now owns 9,783,037 shares of the oil and gas producer’s stock worth $169,148,000 after buying an additional 2,608,309 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Comstock Resources by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,216,378 shares of the oil and gas producer’s stock worth $68,075,000 after acquiring an additional 691,334 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Comstock Resources by 1,460.0% in the fourth quarter. Millennium Management LLC now owns 2,864,944 shares of the oil and gas producer’s stock worth $39,278,000 after acquiring an additional 2,681,292 shares during the last quarter. 32.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRK has been the subject of several recent analyst reports. Mizuho cut shares of Comstock Resources from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Siebert Williams Shank initiated coverage on shares of Comstock Resources in a research note on Tuesday, December 19th. They issued a “hold” rating and a $10.00 price objective for the company. Pickering Energy Partners upgraded shares of Comstock Resources from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Piper Sandler dropped their target price on shares of Comstock Resources from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Finally, Stifel Nicolaus dropped their target price on shares of Comstock Resources from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.71.

View Our Latest Research Report on CRK

Comstock Resources Company Profile

(Get Free Report)

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The company was incorporated in 1919 and is based in Frisco, Texas.

Further Reading

Earnings History for Comstock Resources (NYSE:CRK)

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