Comstock Resources, Inc. (NYSE:CRK) issued its quarterly earnings data on Monday. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.64) by $0.57, Bloomberg Earnings reports. During the same quarter in the prior year, the business posted $0.41 earnings per share.
Shares of Comstock Resources (CRK) opened at 6.37 on Tuesday. The company has a 50-day moving average price of $6.94 and a 200-day moving average price of $8.62. The company’s market capitalization is $97.92 million. Comstock Resources has a 52 week low of $2.79 and a 52 week high of $13.42.
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CRK has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Capital One Financial Corporation reissued an “underweight” rating on shares of Comstock Resources in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Comstock Resources currently has an average rating of “Hold” and a consensus target price of $12.50.
A number of hedge funds have recently modified their holdings of the stock. Segantii Capital Management Ltd acquired a new stake in shares of Comstock Resources during the first quarter valued at about $148,000. SG Americas Securities LLC bought a new position in shares of Comstock Resources during the first quarter worth approximately $176,000. First Dallas Securities Inc. boosted its position in shares of Comstock Resources by 13.3% in the first quarter. First Dallas Securities Inc. now owns 32,367 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,787 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Comstock Resources by 7.5% in the second quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Comstock Resources by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares during the period. 50.77% of the stock is currently owned by institutional investors.
Comstock Resources Company Profile
Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.
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