Equities Analysts Set Expectations for CRK Q1 Earnings

Comstock Resources, Inc. (NYSE:CRK) – Analysts at Roth Capital upped their Q1 2025 EPS estimates for Comstock Resources in a research report issued on Wednesday, February 19th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will earn $0.14 per share for the quarter, up from their previous 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 equities research analysts also recently issued reports on CRK. Citigroup increased their target price on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, December 6th. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research note on Thursday, February 20th. Morgan Stanley assumed coverage on shares of Comstock Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $18.00 target price on the stock. Truist Financial boosted their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.40.

Comstock Resources Trading Down 3.2 %

NYSE:CRK opened at $18.50 on Monday. The company has a market cap of $5.41 billion, a P/E ratio of -24.34, a P/E/G ratio of 1.65 and a beta of 0.48. The stock’s fifty day moving average price is $18.81 and its two-hundred day moving average price is $14.57. Comstock Resources has a 1 year low of $7.74 and a 1 year high of $22.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60.

Comstock Resources (NYSE:CRK) last released 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 business had revenue of $366.51 million for the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%.

Hedge Funds Weigh In On Comstock Resources

Large investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Comstock Resources during the 3rd quarter valued at about $25,000. Sunbelt Securities Inc. raised its position in Comstock Resources by 140.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares during the period. VSM Wealth Advisory LLC purchased a new position in Comstock Resources in the 4th quarter worth $27,000. Sterling Capital Management LLC raised its position in Comstock Resources by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 2,631 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Comstock Resources by 225.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 2,326 shares during the period. 36.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Elizabeth B. Davis sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $16.33, for a total transaction of $163,300.00. Following the sale, the director now owns 123,781 shares in the company, valued at approximately $2,021,343.73. This trade represents a 7.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 38,000 shares of company stock worth $634,660. 2.00% of the stock is currently owned by corporate insiders.

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.