Comstock Resources (CRK) Set to Announce Earnings on Wednesday

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

Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The firm had revenue of $410.58 million for the quarter, compared to the consensus estimate of $401.97 million. Comstock Resources had a return on equity of 5.65% and a net margin of 13.49%. The company’s revenue was down 55.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. 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 Trading Up 0.4 %

Shares of CRK stock opened at $9.77 on Wednesday. The firm has a market capitalization of $2.72 billion, a P/E ratio of 12.86 and a beta of 0.70. Comstock Resources has a twelve month low of $7.07 and a twelve month high of $13.39. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $8.62 and its 200 day simple moving average is $9.47.

Analysts Set New Price Targets

Several research analysts have commented on CRK shares. Pickering Energy Partners raised Comstock Resources from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Mizuho cut their target price on Comstock Resources from $10.00 to $9.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group lifted their target price on Comstock Resources from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, April 2nd. StockNews.com raised Comstock Resources to a “sell” rating in a report on Thursday, April 4th. Finally, Piper Sandler cut their target price on Comstock Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.75.

Insider Activity

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

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.