Research Analysts Offer Predictions for CRK Q3 Earnings

Comstock Resources, Inc. (NYSE:CRK - Free Report) - Roth Capital raised their Q3 2026 EPS estimates for shares of Comstock Resources in a research report issued on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for Comstock Resources' current full-year earnings is $0.54 per share. Roth Capital also issued estimates for Comstock Resources' FY2026 earnings at $0.89 EPS.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.02 by $0.14. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%.

CRK has been the subject of several other research reports. Morgan Stanley reaffirmed a "cautious" rating and set a $22.00 price target (up previously from $21.00) on shares of Comstock Resources in a research note on Wednesday, March 26th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research report on Saturday. 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 report on Wednesday, January 29th. Williams Trading set a $13.00 target price on Comstock Resources in a report on Wednesday, March 5th. Finally, Truist Financial boosted their price target on Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.73.

Comstock Resources Price Performance

NYSE:CRK traded down $1.10 during trading hours on Thursday, hitting $18.67. The company's stock had a trading volume of 1,929,684 shares, compared to its average volume of 2,492,588. The company has a market capitalization of $5.47 billion, a PE ratio of -24.57, a PEG ratio of 1.65 and a beta of 0.42. Comstock Resources has a 52-week low of $7.74 and a 52-week high of $22.06. The business's 50-day moving average is $18.99 and its two-hundred day moving average is $16.90. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.46.

Institutional Investors Weigh In On Comstock Resources

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Comstock Resources during the fourth quarter worth approximately $11,891,000. Corigliano Investment Advisers LLC acquired a new stake in Comstock Resources in the 4th quarter valued at $11,450,000. Susquehanna Fundamental Investments LLC purchased a new position in Comstock Resources in the fourth quarter valued at about $6,349,000. Marshall Wace LLP purchased a new stake in shares of Comstock Resources in the fourth quarter worth about $6,329,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Comstock Resources in the fourth quarter valued at about $4,430,000. Hedge funds and other institutional investors own 36.13% of the company's stock.

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.