Comstock Resources (NYSE:CRK – Get Free Report) released its quarterly earnings results on Wednesday. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05, Briefing.com reports. The business had revenue of $335.77 million during the quarter, compared to analysts’ expectations of $343.97 million. Comstock Resources had a return on equity of 5.65% and a net margin of 13.49%. The firm’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS.
Comstock Resources Stock Up 1.2 %
NYSE CRK traded up $0.12 on Thursday, reaching $9.89. 2,463,119 shares of the stock traded hands, compared to its average volume of 4,501,330. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.68 and a current ratio of 0.68. The company has a fifty day moving average price of $8.97 and a 200-day moving average price of $9.38. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 12.83 and a beta of 0.70. Comstock Resources has a 12 month low of $7.07 and a 12 month high of $13.39.
Insider Buying and Selling at Comstock Resources
In other news, major shareholder Star Exploration Corp Blue bought 12,500,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of $8.04 per share, with a total value of $100,500,000.00. Following the transaction, the insider now directly owns 194,821,429 shares in the company, valued at approximately $1,566,364,289.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on Comstock Resources
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.
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