Q1 EPS Estimates for CRK Lowered by Capital One Financial

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Capital One Financial cut their Q1 2025 earnings per share (EPS) estimates for Comstock Resources in a report issued on Tuesday, December 3rd. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.08. The consensus estimate for Comstock Resources' current full-year earnings is ($0.44) per share. Capital One Financial also issued estimates for Comstock Resources' Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.33 EPS and FY2026 earnings at $0.64 EPS.

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

Several other brokerages have also commented on CRK. Piper Sandler lowered Comstock Resources from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $8.00 to $5.00 in a report on Thursday, August 15th. Mizuho cut their price objective on shares of Comstock Resources from $11.00 to $10.00 and set an "underperform" rating for the company in a research report on Monday, September 16th. Truist Financial upped their price objective on Comstock Resources from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Monday, September 30th. BMO Capital Markets lifted their target price on Comstock Resources from $10.00 to $11.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Finally, Citigroup upped their price target on Comstock Resources from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.89.

Comstock Resources Stock Performance

NYSE:CRK traded down $0.21 during trading hours on Friday, reaching $14.52. The company had a trading volume of 1,821,916 shares, compared to its average volume of 1,834,784. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -80.67 and a beta of 0.57. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.25. The firm's 50 day moving average price is $12.98 and its 200-day moving average price is $11.40. Comstock Resources has a 52 week low of $7.07 and a 52 week high of $15.84.

Institutional Trading of Comstock Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of Comstock Resources during the 3rd quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its position in Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock valued at $27,000 after purchasing an additional 1,400 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Comstock Resources in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of Comstock Resources by 2,533.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer's stock worth $34,000 after buying an additional 3,446 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Comstock Resources by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer's stock valued at $63,000 after buying an additional 1,312 shares in the last quarter. 36.13% of the stock is currently owned by institutional investors.

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.