KeyCorp Predicts Comstock Resources' Q1 Earnings (NYSE:CRK)

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Stock analysts at KeyCorp lifted their Q1 2026 earnings per share estimates for shares of Comstock Resources in a research report issued on Sunday, April 20th. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.36 for the quarter, up from their prior forecast of $0.35. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources' Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $0.96 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. The business had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%.

A number of other analysts also recently issued reports on the company. StockNews.com raised Comstock Resources to a "sell" rating in a research report on Saturday, April 19th. Morgan Stanley reaffirmed a "cautious" rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. Williams Trading set a $13.00 price objective on Comstock Resources in a research note on Wednesday, March 5th. Piper Sandler lifted their price objective on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Finally, UBS Group began coverage on Comstock Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price objective for the company. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.23.

Comstock Resources Trading Up 0.1 %

Shares of NYSE:CRK traded up $0.02 during midday trading on Tuesday, reaching $18.38. 1,663,603 shares of the company's stock were exchanged, compared to its average volume of 2,666,427. The firm's 50 day simple moving average is $18.99 and its two-hundred day simple moving average is $17.13. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -24.18, a P/E/G ratio of 1.65 and a beta of 0.42. Comstock Resources has a fifty-two week low of $7.74 and a fifty-two week high of $22.06.

Institutional Trading of Comstock Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Comstock Resources by 1.2% in the first quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer's stock valued at $917,000 after acquiring an additional 550 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Comstock Resources by 1.9% in the fourth quarter. Bank of Montreal Can now owns 40,983 shares of the oil and gas producer's stock valued at $747,000 after purchasing an additional 772 shares during the period. GAMMA Investing LLC lifted its stake in shares of Comstock Resources by 17.6% in the first quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer's stock valued at $138,000 after purchasing an additional 1,017 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Comstock Resources by 11.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,599 shares of the oil and gas producer's stock valued at $236,000 after purchasing an additional 1,145 shares during the period. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Comstock Resources in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 36.13% of the company's stock.

About Comstock Resources

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.