Roth Capital Predicts Higher Earnings for Comstock Resources

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Roth Capital raised their Q3 2026 earnings per share estimates for shares of Comstock Resources in a research report issued on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Roth Capital also issued estimates for Comstock Resources' FY2026 earnings at $0.89 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The business had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million.

Several other equities analysts also recently weighed in on the company. Williams Trading set a $13.00 target price on Comstock Resources in a research report on Wednesday, March 5th. Truist Financial lifted their price objective on shares of Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research note on Saturday. Morgan Stanley reiterated a "cautious" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. Finally, Piper Sandler upped their price target on Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $14.17.

Comstock Resources Price Performance

NYSE:CRK traded down $0.28 during trading hours on Thursday, hitting $18.36. 838,298 shares of the stock were exchanged, compared to its average volume of 2,469,120. Comstock Resources has a 52-week low of $7.74 and a 52-week high of $22.06. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The firm's fifty day moving average price is $19.00 and its 200 day moving average price is $16.95. The company has a market cap of $5.38 billion, a P/E ratio of -24.12, a P/E/G ratio of 1.65 and a beta of 0.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Comstock Resources in the fourth quarter worth $11,891,000. Corigliano Investment Advisers LLC acquired a new position in shares of Comstock Resources during the 4th quarter worth about $11,450,000. Susquehanna Fundamental Investments LLC bought a new stake in Comstock Resources during the 4th quarter valued at approximately $6,349,000. Marshall Wace LLP acquired a new stake in Comstock Resources in the 4th quarter valued at approximately $6,329,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Comstock Resources during the fourth quarter worth approximately $4,430,000. Institutional investors and hedge funds 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.