Brokerages forecast that Comstock Resources Inc (NYSE:CRK) will report $143.05 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Comstock Resources’ earnings, with the highest sales estimate coming in at $146.90 million and the lowest estimate coming in at $139.20 million. Comstock Resources reported sales of $73.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 95.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 25th.
According to Zacks, analysts expect that Comstock Resources will report full year sales of $379.85 million for the current fiscal year, with estimates ranging from $376.00 million to $383.70 million. For the next fiscal year, analysts anticipate that the company will post sales of $572.40 million, with estimates ranging from $555.80 million to $589.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Comstock Resources.
Shares of Comstock Resources stock traded down $0.13 on Wednesday, hitting $6.50. 303,315 shares of the company’s stock were exchanged, compared to its average volume of 431,163. The stock has a market capitalization of $695.57 million, a PE ratio of -1.67 and a beta of 0.69. Comstock Resources has a 1 year low of $4.21 and a 1 year high of $12.32. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.73 and a quick ratio of 0.73.
Comstock Resources Company Profile
Comstock Resources, Inc engages in the acquisition, development, and exploration of oil and natural gas. It focuses primarily on properties located in Texas and Louisiana. The company was founded in 1919 and is headquartered in Frisco, TX.
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