Roth Capital Issues Optimistic Forecast for CRK Earnings

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Research analysts at Roth Capital upped their Q1 2025 earnings per share estimates for Comstock Resources in a research report issued to clients and investors on Monday, April 14th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.14. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Roth Capital also issued estimates for Comstock Resources' Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.63 EPS, Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.14 EPS and Q4 2026 earnings at $0.26 EPS.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Comstock Resources to a "sell" rating in a research note on Saturday. Morgan Stanley reaffirmed a "cautious" rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a report on Wednesday, March 26th. Williams Trading set a $13.00 price target on Comstock Resources in a research note on Wednesday, March 5th. Piper Sandler lifted their price objective on Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Finally, Truist Financial increased their target price on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.73.

Comstock Resources Price Performance

CRK traded down $0.79 during trading on Wednesday, reaching $18.98. 500,900 shares of the company traded hands, compared to its average volume of 2,472,868. The company has a market cap of $5.56 billion, a P/E ratio of -24.97, a PEG ratio of 1.65 and a beta of 0.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46. Comstock Resources has a 12-month low of $7.74 and a 12-month high of $22.06. The firm has a fifty day simple moving average of $18.99 and a 200 day simple moving average of $16.90.

Comstock Resources (NYSE:CRK - Get Free Report) last released its earnings results 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 net margin of 18.32% and a negative return on equity of 3.10%. The company had revenue of $366.51 million for the quarter, compared to analysts' expectations of $370.62 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Comstock Resources by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,297,863 shares of the oil and gas producer's stock worth $242,301,000 after buying an additional 227,638 shares during the period. Vanguard Group Inc. lifted its position in Comstock Resources by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock valued at $168,043,000 after purchasing an additional 126,380 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Comstock Resources by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock valued at $27,436,000 after purchasing an additional 91,988 shares during the last quarter. Royce & Associates LP grew its position in Comstock Resources by 13.0% during the 4th quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer's stock worth $14,201,000 after purchasing an additional 89,630 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Comstock Resources during the 4th quarter valued at about $11,891,000. 36.13% of the stock is currently owned by hedge funds and other 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.