Q2 EPS Estimates for Comstock Resources Decreased by KeyCorp

Key Points

• KeyCorp has revised down its Q2 2026 earnings per share estimate for Comstock Resources from $0.15 to $0.10, reflecting a more cautious outlook on the oil and gas producer's performance.
• Analyst ratings for Comstock Resources show a mixed sentiment, with two Buy ratings, four Hold ratings, and five Sell ratings, as well as a lowered average price target from $18.00 to $14.00.
• Comstock Resources reported a strong revenue increase of 90.5% year-over-year, reaching $470.26 million for the quarter, despite a wider net loss compared to the same period last year.

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities research analysts at KeyCorp cut their Q2 2026 earnings per share estimates for shares of Comstock Resources in a research report issued to clients and investors on Tuesday, October 14th. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will post earnings of $0.10 per share for the quarter, down from their previous forecast 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 $0.10 EPS, Q4 2026 earnings at $0.25 EPS, Q1 2027 earnings at $0.30 EPS, Q2 2027 earnings at $0.20 EPS and Q3 2027 earnings at $0.20 EPS.

CRK has been the topic of a number of other research reports. UBS Group dropped their target price on Comstock Resources from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Wednesday, August 20th. Weiss Ratings restated a "sell (d+)" rating on shares of Comstock Resources in a report on Wednesday, October 8th. Roth Capital lowered Comstock Resources from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $18.00 to $12.00 in a research note on Monday, August 18th. Morgan Stanley cut their price target on Comstock Resources from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Finally, Mizuho set a $21.00 price target on Comstock Resources in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $19.60.

Comstock Resources Price Performance

CRK stock opened at $19.27 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24. Comstock Resources has a fifty-two week low of $11.05 and a fifty-two week high of $31.17. The business has a 50 day moving average price of $17.38 and a 200 day moving average price of $20.62. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -80.30 and a beta of 0.19.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. Comstock Resources had a positive return on equity of 3.65% and a negative net margin of 5.05%.The business had revenue of $470.26 million during the quarter, compared to the consensus estimate of $431.82 million. During the same period in the previous year, the company posted ($0.20) earnings per share. The business's revenue for the quarter was up 90.5% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its stake in shares of Comstock Resources by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer's stock valued at $917,000 after purchasing an additional 550 shares during the period. Farther Finance Advisors LLC raised its position in Comstock Resources by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 5,633 shares of the oil and gas producer's stock valued at $112,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC grew 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 worth $138,000 after purchasing an additional 1,017 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Comstock Resources during the second quarter valued at $29,000. Finally, CWM LLC boosted its position in Comstock Resources by 32.1% during the third quarter. CWM LLC now owns 4,460 shares of the oil and gas producer's stock valued at $88,000 after acquiring an additional 1,084 shares during the last quarter. 36.13% of the stock is currently owned by institutional investors.

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.

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