Q2 EPS Estimates for Comstock Resources Decreased by KeyCorp

Key Points

• KeyCorp cut its Q2 2026 EPS estimate for Comstock to $0.05 (from $0.07) and issued Q2 2027 and Q3 2027 EPS forecasts of $0.25 and $0.26, respectively.
• Comstock recently beat expectations, reporting $0.16 EPS and $787.32 million in revenue for the quarter, with revenue up about 115.5% year-over-year.
• Analyst sentiment remains muted: MarketBeat shows an average rating of "Reduce" with a consensus target of $20.88, while the stock trades near $19.50 (52-week range $14.65–$31.17).

Comstock Resources, Inc. (NYSE:CRK - Free Report) - KeyCorp reduced their Q2 2026 earnings per share (EPS) estimates for shares of Comstock Resources in a note issued to investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.07. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources' Q2 2027 earnings at $0.25 EPS and Q3 2027 earnings at $0.26 EPS.

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

CRK has been the topic of several other research reports. Morgan Stanley set a $19.00 price target on shares of Comstock Resources in a research report on Friday, February 13th. Bank of America cut shares of Comstock Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $27.00 to $24.00 in a research report on Friday, January 16th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Comstock Resources in a research report on Monday, December 29th. Wall Street Zen cut shares of Comstock Resources from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Finally, Mizuho raised their price target on shares of Comstock Resources from $21.00 to $29.00 and gave the company a "neutral" rating in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $20.88.

Comstock Resources Price Performance

Shares of CRK stock opened at $19.50 on Friday. Comstock Resources has a 52 week low of $14.65 and a 52 week high of $31.17. The stock has a market capitalization of $5.73 billion, a PE ratio of 13.83 and a beta of 0.39. 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's fifty day moving average is $20.86 and its 200-day moving average is $21.39.

Hedge Funds Weigh In On Comstock Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRK. Redwood Family Wealth LLC acquired a new position in shares of Comstock Resources during the 4th quarter worth about $232,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Comstock Resources in the 4th quarter valued at approximately $36,000. Invesco Ltd. raised its position in shares of Comstock Resources by 4.2% in the 4th quarter. Invesco Ltd. now owns 969,961 shares of the oil and gas producer's stock valued at $22,484,000 after acquiring an additional 39,409 shares during the period. Empowered Funds LLC boosted its stake in Comstock Resources by 17.2% during the 4th quarter. Empowered Funds LLC now owns 108,103 shares of the oil and gas producer's stock worth $2,506,000 after acquiring an additional 15,852 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Comstock Resources during the fourth quarter valued at approximately $870,000. Institutional investors own 36.13% of the company's stock.

Insider Activity

In related news, VP Patrick Mcgough sold 48,915 shares of Comstock Resources stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $21.20, for a total transaction of $1,036,998.00. Following the completion of the sale, the vice president directly owned 187,516 shares of the company's stock, valued at $3,975,339.20. The trade was 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 this link. 2.20% of the stock is owned by corporate insiders.

About Comstock Resources

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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