Comstock Resources down after Q2 results miss estimates

Comstock Resources

01/08/2023 12:56

** Shares of Comstock Resources  CRK.N  fall 6.67% to $11.9
premarket
    ** The shale driller's Q2 total rev falls to $288.2 mln from
$946.3 mln a year earlier and misses analysts' expectations of
$332.9 mln - Refinitiv
    ** Reports a loss of 17 cents a share vs profit $1.36/shr a
year earlier; co breaks even on an adj. basis vs expectations of
a profit of 5 cents/shr
    ** Three of 12 brokerages rate the stock "buy" or higher,
eight "hold" and one "sell"; their median PT is $13
    ** Up to Monday's close, stock had fallen 7% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))