Comstock Resources, Inc. (NYSE:CRK - Free Report) - Equities researchers at Roth Capital boosted their Q1 2025 earnings per share estimates for Comstock Resources in a report released on Wednesday, February 19th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.14 per share for the quarter, up from their prior forecast of $0.06. 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 $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.53 EPS.
Several other analysts have also recently commented on the company. StockNews.com upgraded Comstock Resources to a "sell" rating in a report on Thursday, February 20th. Morgan Stanley began coverage on Comstock Resources in a research report on Friday, January 10th. They set an "equal weight" rating and a $18.00 price target on the stock. Mizuho upgraded Comstock Resources from an "underperform" rating to a "neutral" rating and raised their price target for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Truist Financial lifted their target price on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Finally, Piper Sandler boosted their price target on Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.40.
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Comstock Resources Price Performance
Shares of CRK stock traded down $1.09 during trading hours on Monday, hitting $17.48. 2,550,203 shares of the company's stock were exchanged, compared to its average volume of 2,536,052. The stock's 50-day moving average is $18.88 and its 200-day moving average is $14.60. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of -23.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48. Comstock Resources has a 52 week low of $7.74 and a 52 week high of $22.06.
Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The firm had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million.
Insiders Place Their Bets
In related news, Director Elizabeth B. Davis sold 8,000 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.17, for a total value of $145,360.00. Following the transaction, the director now directly owns 99,632 shares of the company's stock, valued at approximately $1,810,313.44. This represents a 7.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 38,000 shares of company stock worth $634,660. Company insiders own 2.00% of the company's stock.
Hedge Funds Weigh In On Comstock Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRK. Blue Trust Inc. lifted its position in 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 in the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Comstock Resources by 16.1% during the 3rd quarter. Pullen Investment Management LLC now owns 60,045 shares of the oil and gas producer's stock valued at $668,000 after buying an additional 8,312 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Comstock Resources during the 3rd quarter valued at $25,000. Mariner Investment Group LLC bought a new position in shares of Comstock Resources during the 3rd quarter valued at $278,000. Finally, Parametrica Management Ltd bought a new position in shares of Comstock Resources during the 3rd quarter valued at $661,000. 36.13% of the stock is owned by institutional investors.
Comstock Resources Company Profile
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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.
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