Comstock Resources, Inc. (NYSE:CRK – Free Report) – KeyCorp decreased their Q3 2026 earnings per share (EPS) estimates for Comstock Resources in a report released on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.09 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for Comstock Resources’ current full-year earnings is $0.64 per share. KeyCorp also issued estimates for Comstock Resources’ FY2026 earnings at $0.50 EPS.
CRK has been the subject of a number of other reports. UBS Group reiterated a “sell” rating and set a $13.00 price objective (down from $17.00) on shares of Comstock Resources in a report on Monday, May 11th. Morgan Stanley cut their price objective on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, May 22nd. Wall Street Zen cut Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Citigroup reaffirmed a “neutral” rating on shares of Comstock Resources in a research report on Wednesday, April 15th. Finally, Mizuho cut their price objective on Comstock Resources from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $18.89.
Comstock Resources Stock Up 4.7%
Shares of Comstock Resources stock opened at $13.86 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $4.07 billion, a P/E ratio of 6.33 and a beta of 0.13. Comstock Resources has a 1 year low of $12.84 and a 1 year high of $31.17. The business has a 50-day moving average of $16.57 and a two-hundred day moving average of $20.23.
Comstock Resources (NYSE:CRK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). Comstock Resources had a return on equity of 5.54% and a net margin of 27.18%.The business had revenue of $587.35 million during the quarter, compared to the consensus estimate of $554.02 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year.
Institutional Trading of Comstock Resources
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Comstock Resources by 3.7% during the 4th quarter. State Street Corp now owns 4,483,203 shares of the oil and gas producer’s stock worth $103,921,000 after purchasing an additional 161,093 shares during the last quarter. Dragoneer Investment Group LLC acquired a new stake in Comstock Resources during the 4th quarter worth approximately $99,632,000. Bank of America Corp DE lifted its holdings in Comstock Resources by 5.1% during the 3rd quarter. Bank of America Corp DE now owns 1,948,702 shares of the oil and gas producer’s stock worth $38,643,000 after purchasing an additional 94,856 shares during the last quarter. Woodline Partners LP lifted its holdings in Comstock Resources by 50.5% during the 3rd quarter. Woodline Partners LP now owns 1,231,916 shares of the oil and gas producer’s stock worth $24,429,000 after purchasing an additional 413,611 shares during the last quarter. Finally, Aventail Capital Group LP lifted its holdings in Comstock Resources by 149.9% during the 3rd quarter. Aventail Capital Group LP now owns 1,143,721 shares of the oil and gas producer’s stock worth $22,680,000 after purchasing an additional 686,002 shares during the last quarter. 36.13% of the stock is owned by institutional investors and hedge funds.
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.
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