Comstock Resources (CRK) Expected to Announce Quarterly Earnings on Tuesday

Comstock Resources (NYSE:CRK) is projected to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $378.74 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Comstock Resources Stock Up 0.3 %

NYSE:CRK opened at $18.62 on Tuesday. Comstock Resources has a 1-year low of $7.07 and a 1-year high of $22.06. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of -103.43, a PEG ratio of 1.52 and a beta of 0.48. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $17.84 and its 200 day moving average price is $13.55.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of Comstock Resources stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total value of $163,300.00. Following the completion of the transaction, the director now directly owns 123,781 shares of the company’s stock, valued at $2,021,343.73. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 38,000 shares of company stock valued at $634,660 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CRK. Siebert Williams Shank lowered shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price target on the stock. in a research note on Tuesday, October 15th. Piper Sandler raised their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley initiated coverage on shares of Comstock Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $18.00 price target for the company. Truist Financial increased their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Citigroup upped their price target on Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.40.

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.