Brokers Offer Predictions for CRK Q1 Earnings

Comstock Resources, Inc. (NYSE:CRK - Free Report) - KeyCorp issued their Q1 2025 earnings estimates for shares of Comstock Resources in a research note issued on Thursday, October 17th. KeyCorp analyst T. Rezvan expects that the oil and gas producer will post earnings of $0.09 per share for the quarter. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for Comstock Resources' current full-year earnings is ($0.37) per share. KeyCorp also issued estimates for Comstock Resources' Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.34 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.06 EPS, Q3 2026 earnings at $0.07 EPS and FY2026 earnings at $0.85 EPS.

Several other research analysts also recently weighed in on the company. BMO Capital Markets upped their target price on Comstock Resources from $10.00 to $11.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Wolfe Research initiated coverage on shares of Comstock Resources in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Mizuho cut their target price on shares of Comstock Resources from $11.00 to $10.00 and set an "underperform" rating for the company in a research note on Monday, September 16th. 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 research report on Tuesday. Finally, Piper Sandler cut Comstock Resources from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $8.00 to $5.00 in a report on Thursday, August 15th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Comstock Resources has a consensus rating of "Hold" and a consensus price target of $9.79.

Comstock Resources Price Performance

CRK stock traded down $0.15 during mid-day trading on Friday, reaching $11.46. 1,158,880 shares of the company's stock were exchanged, compared to its average volume of 3,644,126. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.59 and a quick ratio of 0.59. Comstock Resources has a 12-month low of $7.07 and a 12-month high of $13.39. The stock's 50 day moving average is $10.82 and its 200 day moving average is $10.52. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 52.09 and a beta of 0.47.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its earnings results on Tuesday, July 30th. The oil and gas producer reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Comstock Resources had a negative return on equity of 1.38% and a negative net margin of 1.48%. The firm had revenue of $246.80 million for the quarter, compared to analysts' expectations of $296.02 million. Comstock Resources's quarterly revenue was down 14.4% on a year-over-year basis.

Insider Activity

In related news, major shareholder Star Exploration Corp Blue acquired 825,868 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $8.82 per share, with a total value of $7,284,155.76. Following the completion of the purchase, the insider now owns 197,298,165 shares of the company's stock, valued at approximately $1,740,169,815.30. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Star Exploration Corp Blue bought 825,868 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $8.82 per share, for a total transaction of $7,284,155.76. Following the acquisition, the insider now directly owns 197,298,165 shares of the company's stock, valued at $1,740,169,815.30. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Drilling L.P. Arkoma purchased 573,453 shares of the business's stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $10.64 per share, with a total value of $6,101,539.92. Following the acquisition, the insider now directly owns 203,450,946 shares in the company, valued at approximately $2,164,718,065.44. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 6,712,733 shares of company stock worth $67,816,851 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Comstock Resources

A number of hedge funds have recently modified their holdings of the business. Glenorchy Capital Ltd lifted its position in Comstock Resources by 91.1% in the third quarter. Glenorchy Capital Ltd now owns 197,713 shares of the oil and gas producer's stock valued at $2,201,000 after buying an additional 94,230 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Comstock Resources by 116.3% in the 3rd quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer's stock valued at $70,000 after acquiring an additional 3,611 shares during the period. nVerses Capital LLC purchased a new position in shares of Comstock Resources during the 3rd quarter worth approximately $215,000. SG Americas Securities LLC boosted its position in shares of Comstock Resources by 269.4% during the 3rd quarter. SG Americas Securities LLC now owns 55,044 shares of the oil and gas producer's stock worth $613,000 after purchasing an additional 40,142 shares during the period. Finally, Doliver Advisors LP increased its holdings in Comstock Resources by 3.9% in the 3rd quarter. Doliver Advisors LP now owns 26,455 shares of the oil and gas producer's stock valued at $294,000 after purchasing an additional 988 shares during the last quarter. 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.