Research Analysts Issue Forecasts for CRK FY2025 Earnings

Key Points

• Roth Capital has revised its FY2025 earnings per share (EPS) estimate for Comstock Resources from $0.54 to $0.35, maintaining a "Sell" rating with a price target of $12.00.
• Other analysts, including Morgan Stanley and UBS Group, have also lowered their price targets to $19.00 and $18.00 respectively, while Bank of America has raised its target to $27.00.
• Comstock Resources reported a significant revenue increase of 90.5% year-over-year for the last quarter, with earnings surpassing analysts' estimates at $0.13 EPS.

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Roth Capital dropped their FY2025 earnings estimates for shares of Comstock Resources in a report released on Monday, August 18th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.35 for the year, down from their prior estimate of $0.54. Roth Capital has a "Sell" rating and a $12.00 price target on the stock. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Roth Capital also issued estimates for Comstock Resources' Q4 2025 earnings at $0.05 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.01 EPS, Q4 2026 earnings at $0.05 EPS and FY2026 earnings at $0.16 EPS.

CRK has been the subject of several other research reports. Mizuho lifted their price objective on shares of Comstock Resources from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley cut their target price on shares of Comstock Resources from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Citigroup reissued a "neutral" rating and set a $27.00 target price (up previously from $22.00) on shares of Comstock Resources in a research report on Friday, June 13th. Wall Street Zen raised shares of Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Finally, Piper Sandler cut their target price on shares of Comstock Resources from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Comstock Resources currently has an average rating of "Reduce" and a consensus price target of $18.25.

Comstock Resources Stock Down 2.0%

CRK stock traded down $0.3170 during midday trading on Wednesday, reaching $15.3030. The company had a trading volume of 2,415,571 shares, compared to its average volume of 2,782,084. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. Comstock Resources has a 1 year low of $9.09 and a 1 year high of $31.17. The company has a 50 day moving average of $21.73 and a two-hundred day moving average of $20.86. The company has a market capitalization of $4.48 billion, a P/E ratio of -63.76 and a beta of 0.28.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRK. JPMorgan Chase & Co. increased its holdings in shares of Comstock Resources by 7.4% during the 4th quarter. JPMorgan Chase & Co. now owns 182,995 shares of the oil and gas producer's stock worth $3,334,000 after purchasing an additional 12,657 shares during the period. Sterling Capital Management LLC increased its stake in Comstock Resources by 804.6% in the fourth 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 period. Townsquare Capital LLC bought a new stake in Comstock Resources in the fourth quarter valued at about $202,000. Mariner LLC increased its stake in Comstock Resources by 36.4% in the fourth quarter. Mariner LLC now owns 68,156 shares of the oil and gas producer's stock valued at $1,242,000 after acquiring an additional 18,187 shares during the period. Finally, Marshall Wace LLP bought a new stake in Comstock Resources in the fourth quarter valued at about $6,329,000. Institutional investors own 36.13% of the company's stock.

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.