Comstock Resources, Inc. (NYSE:CRK) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CRK is expected to report 3Q20 revenue of $ 221.11 million.
For the full year, analysts anticipate top line of $ 945.31 million, while looking forward to income of $ 0.19 per share bottom line.
Previous Quarter Performance
Comstock Resources, Inc. unwinded income for the second quarter of $ 0.01 per share, from the revenue of $ 179.53 million. Wall street analysts are predicting revenue of $ 222.23 million The top line results fell short of analysts by $ 42.7 million or 19.21 percent.
Stock Performance
Shares of Comstock Resources, Inc. traded low $ -0.11 or -2.06 percent on Tuesday, reaching $ 5.22 with volume of 1.72 million shares. Comstock Resources, Inc. has traded high as $ 5.47 and has cracked $ 5.15 on the downward trend
According to the previous trading day, closing price of $ 5.22, representing a 31.60 % increase from the 52 week low of $ 4.05 and a 37.29 % decrease over the 52 week high of $ 8.50.
The company has a market capital of $ 1.23 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 19th October 2020, upgraded by Piper Sandler to Overweight from Neutral rating, with $ 8.00 target price.
Comstock Resources, Inc. and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
