Comstock Resources (NYSE:CRK) Trading Up 6.7% – Time to Buy?

Posted by Brian Himes on Aug 10th, 2026

Comstock Resources, Inc. (NYSE:CRK – Get Free Report) shares shot up 6.7% on Monday . The company traded as high as $14.30 and last traded at $14.3150. Approximately 280,578 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 2,512,315 shares. The stock had previously closed at $13.41.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRK shares. Roth Capital restated a “neutral” rating on shares of Comstock Resources in a report on Thursday, July 30th. UBS Group reaffirmed a “sell” rating and issued a $13.00 price target (down from $17.00) on shares of Comstock Resources in a report on Monday, May 11th. The Goldman Sachs Group reduced their price objective on Comstock Resources from $13.00 to $10.00 and set a “sell” rating on the stock in a research report on Tuesday, June 30th. Zacks Research lowered Comstock Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Comstock Resources in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Comstock Resources has an average rating of “Reduce” and a consensus price target of $15.00.

Check Out Our Latest Report on Comstock Resources

Comstock Resources Stock Up 7.0%

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.06 and a beta of 0.13. The firm’s fifty day simple moving average is $13.45 and its two-hundred day simple moving average is $16.98.

Comstock Resources (NYSE:CRK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $353.28 million during the quarter, compared to the consensus estimate of $419.22 million. Comstock Resources had a net margin of 23.31% and a return on equity of 4.12%. The business’s revenue was down 24.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. Sell-side analysts anticipate that Comstock Resources, Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Comstock Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Comstock Resources during the second quarter worth about $176,583,000. Dragoneer Investment Group LLC purchased a new stake in shares of Comstock Resources in the 4th quarter valued at approximately $99,632,000. Bank of America Corp DE lifted its holdings in shares of Comstock Resources by 344.5% in the 2nd quarter. Bank of America Corp DE now owns 1,853,846 shares of the oil and gas producer’s stock worth $51,296,000 after acquiring an additional 1,436,746 shares during the last quarter. Gemsstock Ltd. acquired a new position in shares of Comstock Resources in the 4th quarter worth approximately $19,186,000. Finally, First Trust Advisors LP boosted its position in shares of Comstock Resources by 143.2% during the 1st quarter. First Trust Advisors LP now owns 1,079,633 shares of the oil and gas producer’s stock worth $22,759,000 after purchasing an additional 635,781 shares during the period. Hedge funds and other institutional investors own 36.13% of the company’s stock.

About Comstock Resources

(Get Free Report)

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.