Roth Capital Expects Reduced Earnings for Comstock Resources

Key Points

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Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Roth Capital reduced their Q3 2025 earnings per share estimates for Comstock Resources in a note issued to investors on Monday, August 18th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.03 per share for the quarter, down from their previous forecast of $0.10. Roth Capital currently has a "Sell" rating and a $12.00 target price on the stock. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share.

Comstock Resources (NYSE:CRK - Get Free Report) last announced its 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. The firm had revenue of $470.26 million during the quarter, compared to the consensus estimate of $431.82 million. Comstock Resources had a negative net margin of 5.05% and a positive return on equity of 3.65%. The firm's revenue for the quarter was up 90.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) EPS.

CRK has been the topic of a number of other research reports. UBS Group decreased their target price on shares of Comstock Resources from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, July 31st. Mizuho increased their price target on Comstock Resources from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley lowered their price objective on 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. Wall Street Zen upgraded Comstock Resources to a "sell" rating in a research report on Thursday, May 8th. Finally, Wolfe Research raised Comstock Resources from a "peer perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research note on Tuesday, June 17th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Comstock Resources presently has a consensus rating of "Hold" and an average price target of $18.58.

Comstock Resources Stock Performance

Shares of NYSE CRK opened at $15.01 on Tuesday. The company has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $20.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $4.40 billion, a PE ratio of -62.54 and a beta of 0.28. Comstock Resources has a 12 month low of $9.09 and a 12 month high of $31.17.

Hedge Funds Weigh In On Comstock Resources

A number of large investors have recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Comstock Resources during the 2nd quarter worth about $29,000. Atlantic Union Bankshares Corp purchased a new position in Comstock Resources in the second quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its position in Comstock Resources by 129.3% during the first quarter. Nisa Investment Advisors LLC now owns 2,075 shares of the oil and gas producer's stock valued at $42,000 after buying an additional 1,170 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in Comstock Resources during the first quarter valued at approximately $52,000. Finally, Sterling Capital Management LLC grew its stake in Comstock Resources by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after buying an additional 2,631 shares during the period. 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.

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