Advertisement
New Zealand markets close in 2 hours 39 minutes
  • NZX 50

    12,420.02
    +110.11 (+0.89%)
     
  • NZD/USD

    0.5969
    -0.0012 (-0.20%)
     
  • NZD/EUR

    0.5479
    -0.0009 (-0.16%)
     
  • ALL ORDS

    8,225.00
    +58.60 (+0.72%)
     
  • ASX 200

    7,988.80
    +57.10 (+0.72%)
     
  • OIL

    79.95
    +0.17 (+0.21%)
     
  • GOLD

    2,403.20
    +8.50 (+0.35%)
     
  • NASDAQ

    19,822.87
    +300.25 (+1.54%)
     
  • FTSE

    8,198.78
    +43.06 (+0.53%)
     
  • Dow Jones

    40,415.44
    +127.91 (+0.32%)
     
  • DAX

    18,407.07
    +235.14 (+1.29%)
     
  • Hang Seng

    17,603.32
    -32.56 (-0.18%)
     
  • NIKKEI 225

    39,695.96
    +96.96 (+0.24%)
     
  • NZD/JPY

    93.5330
    -0.2830 (-0.30%)
     

Comstock Resources (CRK): Strong Industry, Solid Earnings Estimate Revisions

One stock that might be an intriguing choice for investors right now is Comstock Resources, Inc. CRK. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 65 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Comstock Resources is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Comstock Resources, Inc. Price and Consensus

Comstock Resources, Inc. Price and Consensus
Comstock Resources, Inc. Price and Consensus

Comstock Resources, Inc. price-consensus-chart | Comstock Resources, Inc. Quote

ADVERTISEMENT

In fact, over the past month, current quarter estimates have narrowed from a loss of 15 cents per share to a loss of 14 cents per share, while current year estimates have narrowed from a loss of 11 cents per share to a loss of 9 cents per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Comstock Resources. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Comstock Resources, Inc. (CRK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research