KeyCorp Estimates Comstock Resources' Q3 Earnings (NYSE:CRK)

Key Points

• KeyCorp has lowered its Q3 2025 earnings per share estimate for Comstock Resources to $0.01, down from the previous forecast of $0.17, with a current full-year earnings consensus of $0.54 per share.
• Recent research from Zacks downgraded Comstock Resources from a "hold" to a "strong sell" rating, while multiple analysts have reduced their price targets for the stock.
• Comstock Resources reported $0.13 EPS in its last quarterly earnings, surpassing analyst expectations, with a year-over-year revenue increase of 90.5%.

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities research analysts at KeyCorp cut their Q3 2025 earnings per share estimates for shares of Comstock Resources in a report released on Tuesday, October 14th. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.01 per share for the quarter, down from their prior forecast of $0.17. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources' Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.42 EPS, Q1 2026 earnings at $0.22 EPS, FY2026 earnings at $0.67 EPS and FY2027 earnings at $1.02 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The firm had revenue of $470.26 million during the quarter, compared to the consensus estimate of $431.82 million. Comstock Resources had a positive return on equity of 3.65% and a negative net margin of 5.05%.The firm's revenue was up 90.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) EPS.

A number of other research analysts also recently commented on CRK. Zacks Research downgraded Comstock Resources from a "hold" rating to a "strong sell" rating in a research note on Tuesday. UBS Group reduced their price target on Comstock Resources from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Wednesday, August 20th. Morgan Stanley reduced their price target on Comstock Resources from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Mizuho set a $21.00 price target on Comstock Resources and gave the stock a "neutral" rating in a research report on Thursday. Finally, Piper Sandler reduced their price target on Comstock Resources from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Comstock Resources has a consensus rating of "Reduce" and a consensus price target of $19.60.

Comstock Resources Price Performance

Shares of CRK opened at $17.67 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of -73.62 and a beta of 0.19. The stock has a fifty day moving average price of $17.41 and a 200 day moving average price of $20.61. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. Comstock Resources has a 12 month low of $11.05 and a 12 month high of $31.17.

Institutional Trading of Comstock Resources

Institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund increased its position in Comstock Resources by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer's stock worth $917,000 after purchasing an additional 550 shares during the last quarter. Farther Finance Advisors LLC increased its position in Comstock Resources by 19.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,633 shares of the oil and gas producer's stock worth $112,000 after purchasing an additional 900 shares during the last quarter. GAMMA Investing LLC increased its position in Comstock Resources by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer's stock worth $138,000 after purchasing an additional 1,017 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Comstock Resources in the 2nd quarter worth about $29,000. Finally, CWM LLC increased its position in Comstock Resources by 32.1% in the 3rd quarter. CWM LLC now owns 4,460 shares of the oil and gas producer's stock worth $88,000 after purchasing an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.