Q3 2022 EPS Estimates for Comstock Resources, Inc. Lifted by KeyCorp (NYSE:CRK)

Comstock Resources, Inc. (NYSE:CRK – Get Rating) – Equities researchers at KeyCorp raised their Q3 2022 earnings per share (EPS) estimates for Comstock Resources in a research report issued to clients and investors on Thursday, April 7th. KeyCorp analyst L. Mariani now anticipates that the oil and gas producer will post earnings of $0.56 per share for the quarter, up from their prior forecast of $0.45. KeyCorp also issued estimates for Comstock Resources’ Q1 2023 earnings at $0.58 EPS, Q2 2023 earnings at $0.41 EPS, Q3 2023 earnings at $0.48 EPS and Q4 2023 earnings at $0.56 EPS.

CRK has been the subject of a number of other reports. Mizuho boosted their target price on Comstock Resources from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial cut their price target on Comstock Resources from $11.00 to $10.00 in a report on Friday, January 14th. StockNews.com started coverage on Comstock Resources in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, March 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Comstock Resources presently has a consensus rating of “Buy” and a consensus target price of $14.67.

NYSE:CRK opened at $15.02 on Monday. Comstock Resources has a 1 year low of $4.67 and a 1 year high of $15.21. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 2.58. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -11.04 and a beta of 1.43. The stock has a 50-day moving average price of $9.74 and a two-hundred day moving average price of $9.25.

Comstock Resources (NYSE:CRK – Get Rating) last posted its earnings results on Tuesday, February 15th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Comstock Resources had a negative net margin of 13.06% and a positive return on equity of 34.73%. The business had revenue of $655.38 million during the quarter, compared to analyst estimates of $454.35 million. During the same period in the previous year, the firm posted $0.14 earnings per share.

Institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP bought a new stake in Comstock Resources during the third quarter worth about $25,000. Counterpoint Mutual Funds LLC bought a new stake in Comstock Resources during the fourth quarter worth about $27,000. Ellevest Inc. bought a new stake in Comstock Resources during the fourth quarter worth about $31,000. Steward Financial Group LLC bought a new stake in Comstock Resources during the fourth quarter worth about $39,000. Finally, Wedge Capital Management L L P NC bought a new stake in Comstock Resources during the fourth quarter worth about $82,000. Institutional investors own 28.03% of the company’s stock.

Comstock Resources Company Profile (Get Rating)

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. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

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