Q3 Earnings Forecast for CRK Issued By Capital One Financial

Key Points

• Capital One Financial has lowered its Q3 2025 earnings estimates for Comstock Resources from $0.13 to $0.02 per share.
• The company reported a revenue increase of 90.5% year-over-year and earnings of $0.13 EPS last quarter, exceeding analysts' expectations.
• Multiple analysts have downgraded their price ratings for Comstock Resources, with UBS cutting its target from $18.00 to $14.00 and Roth Capital from $18.00 to $12.00.

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Stock analysts at Capital One Financial reduced their Q3 2025 earnings per share (EPS) estimates for shares of Comstock Resources in a research report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.13. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Comstock Resources' FY2025 earnings at $0.39 EPS, Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.25 EPS, FY2026 earnings at $0.87 EPS and FY2027 earnings at $1.21 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $470.26 million during the quarter, compared to analyst estimates of $431.82 million. During the same quarter in the previous year, the business earned ($0.20) EPS. Comstock Resources's revenue for the quarter was up 90.5% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Bank of America lifted their price target on Comstock Resources from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley reduced their target price on Comstock Resources from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Wolfe Research raised Comstock Resources from a "peer perform" rating to an "outperform" rating and set a $34.00 target price for the company in a report on Tuesday, June 17th. Wall Street Zen raised Comstock Resources to a "sell" rating in a report on Thursday, May 8th. Finally, Citigroup reissued a "neutral" rating and set a $27.00 target price (up previously from $22.00) on shares of Comstock Resources in a report on Friday, June 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $18.25.

Comstock Resources Price Performance

Shares of Comstock Resources stock traded up $0.23 on Monday, hitting $16.36. The company's stock had a trading volume of 1,949,221 shares, compared to its average volume of 2,133,896. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36. Comstock Resources has a 1 year low of $9.09 and a 1 year high of $31.17. The firm has a fifty day moving average price of $19.84 and a 200-day moving average price of $20.76. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of -68.17 and a beta of 0.27.

Institutional Investors Weigh In On Comstock Resources

Large investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Comstock Resources in the second quarter valued at approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in Comstock Resources in the second quarter worth approximately $34,000. Nisa Investment Advisors LLC grew its position in Comstock Resources by 129.3% in the first quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer's stock worth $42,000 after acquiring an additional 1,170 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Comstock Resources in the first quarter worth approximately $52,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Comstock Resources in the second quarter worth approximately $69,000. 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.