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Research Analysts Issue Forecasts for CRK Q1 Earnings

Comstock Resources logo with Energy background

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Analysts at Capital One Financial issued their Q1 2026 EPS estimates for Comstock Resources in a research note issued to investors on Wednesday, July 2nd. Capital One Financial analyst P. Johnston expects 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.

CRK has been the subject of several other reports. Wall Street Zen raised shares of Comstock Resources to a "sell" rating in a report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $27.00 price objective (up from $22.00) on shares of Comstock Resources in a report on Friday, June 13th. Wolfe Research raised shares of 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. Mizuho upped their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Piper Sandler reissued an "underweight" rating and issued a $12.00 price target (up from $6.00) on shares of Comstock Resources in a report on Tuesday, May 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Comstock Resources presently has an average rating of "Hold" and an average price target of $19.73.

Check Out Our Latest Stock Analysis on CRK

Comstock Resources Stock Performance

Shares of NYSE CRK traded down $0.84 during trading hours on Friday, hitting $24.01. 1,533,632 shares of the stock were exchanged, compared to its average volume of 2,527,924. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.40 and a quick ratio of 0.40. The company's 50 day moving average is $24.45 and its 200 day moving average is $20.83. The firm has a market capitalization of $7.03 billion, a P/E ratio of -21.63 and a beta of 0.37. Comstock Resources has a one year low of $7.74 and a one year high of $31.17.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $408.99 million. Comstock Resources had a negative net margin of 23.39% and a negative return on equity of 0.67%. The company's revenue for the quarter was up 52.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share.

Hedge Funds Weigh In On Comstock Resources

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Comstock Resources by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock valued at $242,301,000 after buying an additional 227,638 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Comstock Resources by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock worth $168,043,000 after purchasing an additional 126,380 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Comstock Resources by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock worth $27,436,000 after purchasing an additional 91,988 shares in the last quarter. Invesco Ltd. increased its position in shares of Comstock Resources by 79.9% during the 1st quarter. Invesco Ltd. now owns 1,155,680 shares of the oil and gas producer's stock worth $23,507,000 after purchasing an additional 513,190 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Comstock Resources by 67.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,086,868 shares of the oil and gas producer's stock worth $22,107,000 after purchasing an additional 437,476 shares in the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.

About Comstock Resources

(Get Free Report)

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.

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Earnings History and Estimates for Comstock Resources (NYSE:CRK)

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