Q4 Earnings Forecast for CRK Issued By Capital One Financial

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Capital One Financial boosted their Q4 2024 earnings estimates for Comstock Resources in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.03 per share for the quarter, up from their previous estimate of $0.02. The consensus estimate for Comstock Resources' current full-year earnings is ($0.44) per share. Capital One Financial also issued estimates for Comstock Resources' Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.53 EPS and FY2026 earnings at $1.24 EPS.

CRK has been the topic of several other research reports. Citigroup increased their price target on Comstock Resources from $12.50 to $15.50 and gave the company a "neutral" rating in a report on Friday, December 6th. Siebert Williams Shank downgraded shares of Comstock Resources from a "hold" rating to a "sell" rating and set a $9.00 price target for the company. in a report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Comstock Resources from $10.00 to $11.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Morgan Stanley started coverage on Comstock Resources in a research report on Friday. They issued an "equal weight" rating and a $18.00 target price for the company. Finally, Bank of America began coverage on shares of Comstock Resources in a research note on Monday, October 28th. They set a "buy" rating and a $14.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.40.

Comstock Resources Trading Up 1.4 %

NYSE CRK opened at $19.90 on Monday. The company has a market capitalization of $5.82 billion, a PE ratio of -110.55 and a beta of 0.51. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25. Comstock Resources has a 1-year low of $7.07 and a 1-year high of $20.08. The firm's fifty day simple moving average is $15.77 and its 200-day simple moving average is $12.45.

Comstock Resources (NYSE:CRK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.01). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The business had revenue of $304.50 million for the quarter, compared to analysts' expectations of $308.75 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The business's quarterly revenue was down 19.2% compared to the same quarter last year.

Institutional Investors Weigh In On Comstock Resources

Large investors have recently added to or reduced their stakes in the stock. KGH Ltd lifted its stake in shares of Comstock Resources by 8.7% in the 2nd quarter. KGH Ltd now owns 12,125,000 shares of the oil and gas producer's stock valued at $125,858,000 after acquiring an additional 975,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Comstock Resources by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 11,696,540 shares of the oil and gas producer's stock worth $121,414,000 after acquiring an additional 2,438,252 shares during the period. American Century Companies Inc. lifted its stake in shares of Comstock Resources by 19.0% in the second quarter. American Century Companies Inc. now owns 2,270,435 shares of the oil and gas producer's stock worth $23,567,000 after acquiring an additional 362,043 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Comstock Resources by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer's stock worth $15,736,000 after acquiring an additional 57,376 shares during the period. Finally, Millennium Management LLC boosted its holdings in Comstock Resources by 775.4% in the second quarter. Millennium Management LLC now owns 875,371 shares of the oil and gas producer's stock valued at $9,086,000 after acquiring an additional 775,371 shares during the last quarter. Institutional investors and hedge funds own 36.13% of the company's stock.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the sale, the director now owns 123,781 shares in the company, valued at $2,021,343.73. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 38,000 shares of company stock worth $634,660 in the last three months. Insiders own 2.00% 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.