Roth Capital Has Pessimistic View of 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 lowered their FY2025 earnings per share (EPS) estimates for shares of Comstock Resources in a research report issued on Monday, August 18th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.35 for the year, down from their previous forecast 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.

Other equities research analysts also recently issued reports about the company. Piper Sandler cut their target price on Comstock Resources from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Citigroup reissued a "neutral" rating and issued a $27.00 price target (up previously from $22.00) on shares of Comstock Resources in a research report on Friday, June 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 note on Monday, August 4th. UBS Group lowered their target price on shares of Comstock Resources from $18.00 to $14.00 and set a "sell" rating for the company in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Comstock Resources to a "sell" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $18.25.

Comstock Resources Stock Down 0.6%

Comstock Resources stock traded down $0.0910 during midday trading on Wednesday, hitting $15.2690. The stock had a trading volume of 501,187 shares, compared to its average volume of 2,437,007. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average price of $21.73 and a 200 day moving average price of $20.89. Comstock Resources has a 12 month low of $9.09 and a 12 month high of $31.17. The stock has a market cap of $4.47 billion, a P/E ratio of -63.71 and a beta of 0.28.

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

Hedge Funds Weigh In On Comstock Resources

Several large investors have recently modified their holdings of CRK. Townsquare Capital LLC bought a new stake in Comstock Resources in the fourth quarter valued at $202,000. GAMMA Investing LLC raised its position 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 valued at $138,000 after purchasing an additional 1,017 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Comstock Resources by 1.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer's stock worth $917,000 after acquiring an additional 550 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Comstock Resources by 129.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer's stock worth $42,000 after buying an additional 1,170 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake 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 purchasing an additional 2,631 shares in the last quarter. Institutional investors own 36.13% of the company's stock.

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.