Q1 EPS Estimate for Comstock Resources Increased by Analyst

Key Points

• KeyCorp raised Q1 2026 EPS estimate for Comstock to $0.25 (from $0.15) and now forecasts FY2026 EPS of $0.71 and FY2027 EPS of $1.25.
• Comstock beat recent quarterly expectations, delivering $0.16 EPS versus a $0.11 consensus and revenue of $787.3 million, up 115.5% year-over-year.
• Market and ownership signals: CRK traded near $19.39 with a consensus analyst rating of "Reduce" and $20.88 price target, alongside insider selling and notable institutional buying (including a large increase by Goldman Sachs).

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Investment analysts at KeyCorp increased their Q1 2026 earnings estimates for shares of Comstock Resources in a research report issued to clients and investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.15. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources' Q3 2026 earnings at $0.12 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $0.71 EPS, Q1 2027 earnings at $0.35 EPS, Q4 2027 earnings at $0.39 EPS and FY2027 earnings at $1.25 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $787.32 million for the quarter, compared to analysts' expectations of $504.66 million. Comstock Resources had a net margin of 17.80% and a return on equity of 6.30%. The company's revenue was up 115.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

A number of other research firms have also recently commented on CRK. UBS Group set a $17.00 target price on shares of Comstock Resources in a research report on Friday, February 13th. Morgan Stanley set a $19.00 target price on shares of Comstock Resources in a research report on Friday, February 13th. Mizuho upped their target price on shares of Comstock Resources from $21.00 to $29.00 and gave the company a "neutral" rating in a research report on Friday, December 12th. Wall Street Zen cut shares of Comstock Resources from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Comstock Resources in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $20.88.

Comstock Resources Trading Up 0.2%

Shares of CRK stock traded up $0.04 on Tuesday, hitting $19.39. 413,387 shares of the stock traded hands, compared to its average volume of 2,430,573. The firm's 50-day moving average price is $20.65 and its two-hundred day moving average price is $21.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $5.70 billion, a PE ratio of 13.75 and a beta of 0.39. Comstock Resources has a twelve month low of $14.65 and a twelve month high of $31.17.

Insider Buying and Selling

In other Comstock Resources news, VP Patrick Mcgough sold 48,915 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $21.20, for a total transaction of $1,036,998.00. Following the sale, the vice president directly owned 187,516 shares in the company, valued at $3,975,339.20. This represents a 20.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

Institutional Trading of Comstock Resources

A number of institutional investors and hedge funds have recently bought and sold shares of CRK. AQR Capital Management LLC purchased a new stake in Comstock Resources during the first quarter worth about $627,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Comstock Resources by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,236 shares of the oil and gas producer's stock worth $1,124,000 after purchasing an additional 2,697 shares during the period. Goldman Sachs Group Inc. increased its stake in Comstock Resources by 67.4% during the first 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 during the period. Intech Investment Management LLC increased its stake in Comstock Resources by 26.0% during the first quarter. Intech Investment Management LLC now owns 65,289 shares of the oil and gas producer's stock worth $1,328,000 after purchasing an additional 13,485 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Comstock Resources during the 2nd quarter worth $93,000. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Comstock Resources Company Profile

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.

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