Comstock Resources, Inc. (NYSE:CRK) – Equities researchers at KeyCorp cut their Q3 2017 EPS estimates for Comstock Resources in a research note issued to investors on Wednesday. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will post earnings of ($1.52) per share for the quarter, down from their prior forecast of ($1.48). KeyCorp also issued estimates for Comstock Resources’ FY2017 earnings at ($5.71) EPS, Q1 2018 earnings at ($1.27) EPS, Q2 2018 earnings at ($1.60) EPS, Q3 2018 earnings at ($1.57) EPS, Q4 2018 earnings at ($1.48) EPS and FY2018 earnings at ($5.92) EPS.

A number of other research firms have also commented on CRK. Capital One Financial Corporation reissued an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. ValuEngine lowered shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC dropped their target price on shares of Comstock Resources from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus set a $12.00 target price on shares of Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.40.

ILLEGAL ACTIVITY NOTICE: “KeyCorp Equities Analysts Reduce Earnings Estimates for Comstock Resources, Inc. (CRK)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/17/keycorp-equities-analysts-reduce-earnings-estimates-for-comstock-resources-inc-crk.html.

Comstock Resources (NYSE:CRK) opened at 4.69 on Monday. Comstock Resources has a 1-year low of $4.23 and a 1-year high of $13.42. The firm’s 50-day moving average is $5.84 and its 200-day moving average is $7.09. The company’s market capitalization is $72.59 million.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million for the quarter, compared to analyst estimates of $63.93 million. During the same period in the previous year, the business posted $0.41 earnings per share.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Comstock Resources by 40.4% during the second quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock worth $4,443,000 after acquiring an additional 180,935 shares during the period. Northern Trust Corp increased its position in Comstock Resources by 3.4% during the second quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock worth $225,000 after acquiring an additional 1,055 shares during the period. First Washington CORP bought a new position in Comstock Resources during the second quarter worth $795,000. Bank of New York Mellon Corp increased its position in Comstock Resources by 23.6% during 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 acquiring an additional 10,480 shares during the period. Finally, Hodges Capital Management Inc. increased its position in Comstock Resources by 5.9% during the second quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock worth $11,198,000 after acquiring an additional 87,805 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Comstock Resources (NYSE:CRK)

Receive News & Stock Ratings for Comstock Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comstock Resources Inc. and related stocks with our FREE daily email newsletter.