Q2 EPS Estimate for Comstock Resources Reduced by Analyst

Comstock Resources, Inc. (NYSE:CRK) – Investment analysts at KeyCorp decreased their Q2 2026 earnings estimates for shares of Comstock Resources in a research note issued to investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.05 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Comstock Resources’ current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources’ Q2 2027 earnings at $0.25 EPS and Q3 2027 earnings at $0.26 EPS.

Comstock Resources (NYSE:CRK) last posted its earnings results on Wednesday, February 11th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. Comstock Resources had a return on equity of 6.30% and a net margin of 17.80%.The firm had revenue of $787.32 million for the quarter, compared to analyst estimates of $504.66 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 115.5% on a year-over-year basis.

A number of other research firms have also recently issued reports on CRK. Bank of America cut Comstock Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $27.00 to $24.00 in a research note on Friday, January 16th. Morgan Stanley set a $19.00 price objective on shares of Comstock Resources in a research note on Friday, February 13th. UBS Group set a $17.00 price objective on Comstock Resources in a report on Friday, February 13th. Citigroup upped their target price on Comstock Resources from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wall Street Zen downgraded Comstock Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Comstock Resources has an average rating of “Reduce” and an average target price of $20.88.

Comstock Resources Stock Up 1.5%

Shares of Comstock Resources stock opened at $19.50 on Friday. The company has a market capitalization of $5.73 billion, a P/E ratio of 13.83 and a beta of 0.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $20.86 and a two-hundred day moving average of $21.39. Comstock Resources has a 1 year low of $14.65 and a 1 year high of $31.17.

Insider Buying and Selling at Comstock Resources

In related news, VP Patrick Mcgough sold 48,915 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $21.20, for a total transaction of $1,036,998.00. Following the transaction, the vice president directly owned 187,516 shares of the company’s stock, valued at approximately $3,975,339.20. The trade was a 20.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Comstock Resources

Several large investors have recently modified their holdings of the stock. Rothschild Investment LLC lifted its position in Comstock Resources by 740.4% during the fourth quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 1,007 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Comstock Resources in the fourth quarter valued at approximately $29,000. Advisory Services Network LLC bought a new position in shares of Comstock Resources during the third quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its holdings in Comstock Resources by 877.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,437 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Comstock Resources in the 4th quarter valued at $36,000. 36.13% of the stock is owned by institutional investors.

About Comstock Resources

Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.

Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.