Q3 EPS Estimate for Comstock Resources Raised by Analyst

Comstock Resources, Inc. (NYSE:CRK) – Investment analysts at Capital One Financial upped their Q3 2025 earnings per share (EPS) estimates for Comstock Resources in a research note issued to investors on Wednesday, March 26th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings per share of $0.15 for the quarter, up from their prior estimate of $0.13. The consensus estimate for Comstock Resources’ current full-year earnings is $0.54 per share. Capital One Financial also issued estimates for Comstock Resources’ FY2025 earnings at $0.57 EPS.

Several other brokerages also recently commented on CRK. Truist Financial boosted their target price on Comstock Resources from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Citigroup boosted their price objective on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Williams Trading set a $13.00 target price on Comstock Resources in a research note on Wednesday, March 5th. StockNews.com upgraded shares of Comstock Resources to a “sell” rating in a research report on Thursday, March 20th. Finally, Morgan Stanley restated a “cautious” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Comstock Resources in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.73.

Comstock Resources Price Performance

Shares of Comstock Resources stock opened at $19.87 on Friday. Comstock Resources has a 1-year low of $7.74 and a 1-year high of $22.06. The firm’s 50-day moving average price is $19.01 and its two-hundred day moving average price is $15.85. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -26.14, a P/E/G ratio of 1.65 and a beta of 0.55.

Comstock Resources (NYSE:CRK) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $366.51 million during the quarter, compared to analysts’ expectations of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 8,000 shares of the firm’s stock in a transaction 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 in the company, valued at $1,810,313.44. This trade represents a 7.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Comstock Resources

Several hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its position in shares of Comstock Resources by 140.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 1,400 shares during the period. VSM Wealth Advisory LLC bought a new position in Comstock Resources during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC boosted its stake in Comstock Resources by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 2,631 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Comstock Resources by 225.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 2,326 shares during the period. Finally, Quarry LP bought a new stake in Comstock Resources in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

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.