Equities Analysts Set Expectations for CRK Q1 Earnings

Comstock Resources, Inc. (NYSE:CRK) – Equities researchers at Roth Capital increased their Q1 2025 EPS estimates for Comstock Resources in a report issued on Wednesday, February 19th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.14 per share for the quarter, up from their prior estimate 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.

Comstock Resources (NYSE:CRK) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $370.62 million.

Several other equities analysts have also recently issued reports on the company. StockNews.com raised Comstock Resources to a “sell” rating in a research note on Thursday, February 20th. Piper Sandler boosted their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley began coverage on shares of 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 shares of Comstock Resources from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $18.00 in a research report on Monday, December 16th. Finally, Citigroup upped their price target on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.40.

Comstock Resources Price Performance

CRK opened at $18.50 on Monday. 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 52-week low of $7.74 and a 52-week high of $22.06. The stock has a market capitalization of $5.41 billion, a PE ratio of -24.34, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48. The stock’s 50 day moving average price is $18.81 and its 200-day moving average price is $14.57.

Hedge Funds Weigh In On Comstock Resources

Hedge funds have recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Comstock Resources during the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Comstock Resources during the third quarter valued at $25,000. Sunbelt Securities Inc. boosted its position in shares of Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 1,400 shares during the last quarter. Sterling Capital Management LLC increased its holdings 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 buying an additional 2,631 shares in the last quarter. 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 buying an additional 2,326 shares during the last quarter. 36.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 8,000 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 38,000 shares of company stock valued at $634,660. Insiders own 2.00% 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.