Comstock Resources (CRK) Scheduled to Post Earnings on Wednesday

Comstock Resources (NYSE:CRK) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Comstock Resources to post earnings of $0.03 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Comstock Resources (NYSE:CRK) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Comstock Resources had a net margin of 13.49% and a return on equity of 5.65%. The firm had revenue of $410.58 million during the quarter, compared to analyst estimates of $401.97 million. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s quarterly revenue was down 55.5% compared to the same quarter last year. On average, analysts expect Comstock Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Comstock Resources Stock Performance

NYSE:CRK opened at $10.32 on Monday. Comstock Resources has a 1 year low of $7.07 and a 1 year high of $13.39. The firm’s fifty day simple moving average is $8.83 and its 200 day simple moving average is $9.41. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $2.87 billion, a PE ratio of 13.58 and a beta of 0.70.

Insider Transactions at Comstock Resources

In other Comstock Resources news, major shareholder Star Exploration Corp Blue acquired 12,500,000 shares of Comstock Resources stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of $8.04 per share, with a total value of $100,500,000.00. Following the acquisition, the insider now owns 194,821,429 shares of the company’s stock, valued at $1,566,364,289.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Pickering Energy Partners upgraded shares of Comstock Resources from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. The Goldman Sachs Group raised their price target on shares of Comstock Resources from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Comstock Resources to a “sell” rating in a research report on Thursday, April 4th. Piper Sandler decreased their price target on shares of Comstock Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Finally, Stifel Nicolaus decreased their price target on shares of Comstock Resources from $14.00 to $13.50 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.75.

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.