Equities Analysts Set Expectations for CRK Q1 Earnings

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Capital One Financial issued their Q1 2026 earnings per share (EPS) estimates for shares of Comstock Resources in a report issued on Wednesday, July 2nd. Capital One Financial analyst P. Johnston anticipates that the oil and gas producer will post earnings of $0.37 per share for the quarter. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Comstock Resources' FY2026 earnings at $1.59 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $512.85 million for the quarter, compared to the consensus estimate of $408.99 million. Comstock Resources had a negative return on equity of 0.67% and a negative net margin of 23.39%. The company's revenue for the quarter was up 52.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS.

Several other equities analysts also recently issued reports on the company. UBS Group assumed coverage on Comstock Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $19.00 price objective for the company. Citigroup restated a "neutral" rating and set a $27.00 target price (up previously from $22.00) on shares of Comstock Resources in a research report on Friday, June 13th. Mizuho boosted their target price on Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Bank of America boosted their target price on Comstock Resources from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wolfe Research upgraded Comstock Resources from a "peer perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a report on Tuesday, June 17th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Comstock Resources currently has an average rating of "Hold" and an average target price of $19.73.

Comstock Resources Stock Performance

Shares of NYSE:CRK traded down $0.21 during trading on Friday, hitting $23.80. 2,251,484 shares of the stock were exchanged, compared to its average volume of 2,526,818. The company's fifty day simple moving average is $24.55 and its 200-day simple moving average is $20.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of -21.44 and a beta of 0.37. Comstock Resources has a 1-year low of $7.74 and a 1-year high of $31.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new position in shares of Comstock Resources during the fourth quarter worth about $27,000. Nisa Investment Advisors LLC boosted its position in shares of Comstock Resources by 129.3% during the first quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer's stock worth $42,000 after buying an additional 1,170 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Comstock Resources during the first quarter worth about $52,000. Sterling Capital Management LLC boosted its position in shares of Comstock Resources by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after buying an additional 2,631 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Comstock Resources by 225.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after buying an additional 2,326 shares during the period. 36.13% of the stock is owned by institutional investors and hedge funds.

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.