Q1 EPS Estimates for Comstock Resources Increased by KeyCorp

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at KeyCorp boosted their Q1 2025 earnings per share estimates for Comstock Resources in a research note issued to investors on Sunday, April 20th. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.09. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources' Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.71 EPS, Q2 2026 earnings at $0.15 EPS and Q3 2026 earnings at $0.15 EPS.

A number of other equities research analysts have also recently weighed in on CRK. Morgan Stanley restated a "cautious" rating and set a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research note on Saturday, April 19th. Piper Sandler raised their target price on shares of Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Truist Financial upped their price target on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Williams Trading set a $13.00 price objective on Comstock Resources in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.23.

Comstock Resources Stock Up 0.9 %

Comstock Resources stock traded up $0.16 during mid-day trading on Wednesday, reaching $18.55. 400,168 shares of the company were exchanged, compared to its average volume of 2,657,490. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46. The firm has a market cap of $5.43 billion, a P/E ratio of -24.41, a PEG ratio of 1.65 and a beta of 0.42. The business has a fifty day moving average of $18.99 and a 200 day moving average of $17.13. Comstock Resources has a 12-month low of $7.74 and a 12-month high of $22.06.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in Comstock Resources in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC boosted its holdings in shares of Comstock Resources by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock valued at $54,000 after acquiring an additional 2,631 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Comstock Resources by 225.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 2,326 shares during the period. Quarry LP purchased a new position in shares of Comstock Resources during the fourth quarter worth $70,000. Finally, KBC Group NV lifted its position in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock valued at $118,000 after purchasing an additional 2,066 shares during the period. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

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.