Roth Capital Lifts Earnings Estimates for Comstock Resources

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Stock analysts at Roth Capital lifted their FY2025 earnings per share (EPS) estimates for shares of Comstock Resources in a research report issued to clients and investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.37 per share for the year, up from their previous forecast of $0.35. Roth Capital has a "Sell" rating and a $12.00 price objective 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 $0.06 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.06 EPS, Q4 2026 earnings at $0.10 EPS and FY2026 earnings at $0.29 EPS.

A number of other equities analysts have also issued reports on CRK. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Comstock Resources in a research report on Wednesday, October 8th. Mizuho set a $21.00 target price on Comstock Resources and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler cut their target price on Comstock Resources from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Morgan Stanley cut their target price on Comstock Resources from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Finally, Zacks Research lowered Comstock Resources from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Comstock Resources has a consensus rating of "Reduce" and an average target price of $19.60.

Comstock Resources Stock Performance

Comstock Resources stock opened at $17.67 on Friday. The stock's 50 day moving average price is $17.41 and its 200 day moving average price is $20.61. The firm has a market capitalization of $5.18 billion, a PE ratio of -73.62 and a beta of 0.19. 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 one year low of $11.05 and a one year high of $31.17.

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

Institutional Trading of Comstock Resources

Several institutional investors have recently modified their holdings of CRK. Bank of America Corp DE lifted its stake in Comstock Resources by 344.5% in the 2nd quarter. Bank of America Corp DE now owns 1,853,846 shares of the oil and gas producer's stock worth $51,296,000 after acquiring an additional 1,436,746 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Comstock Resources by 79.9% during the 1st quarter. Invesco Ltd. now owns 1,155,680 shares of the oil and gas producer's stock valued at $23,507,000 after acquiring an additional 513,190 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Comstock Resources by 67.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,086,868 shares of the oil and gas producer's stock valued at $22,107,000 after acquiring an additional 437,476 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Comstock Resources by 195.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 588,033 shares of the oil and gas producer's stock valued at $16,271,000 after buying an additional 389,261 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Comstock Resources by 21.3% in the 2nd quarter. First Trust Advisors LP now owns 465,554 shares of the oil and gas producer's stock valued at $12,882,000 after buying an additional 81,627 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.