Comstock Resources, Inc. (NYSE:CRK) to Post FY2025 Earnings of $0.81 Per Share, Capital One Financial Forecasts

Comstock Resources, Inc. (NYSE:CRK) – Investment analysts at Capital One Financial decreased their FY2025 earnings per share estimates for shares of Comstock Resources in a report released on Friday, April 19th. Capital One Financial analyst P. Johnston now forecasts that the oil and gas producer will post earnings of $0.81 per share for the year, down from their previous estimate of $0.82. The consensus estimate for Comstock Resources’ current full-year earnings is $0.06 per share.

A number of other research firms also recently weighed in on CRK. Stifel Nicolaus decreased their price target on shares of Comstock Resources from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Mizuho dropped their price target on shares of Comstock Resources from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. The Goldman Sachs Group upped their price objective on Comstock Resources from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, April 2nd. Piper Sandler cut their target price on Comstock Resources from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Finally, Pickering Energy Partners upgraded Comstock Resources from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Comstock Resources presently has a consensus rating of “Hold” and an average price target of $9.67.

Comstock Resources Price Performance

Shares of CRK stock opened at $9.52 on Monday. Comstock Resources has a 12 month low of $7.07 and a 12 month high of $13.39. The company has a market capitalization of $2.65 billion, a P/E ratio of 12.53 and a beta of 0.70. The stock has a 50 day moving average of $8.58 and a two-hundred day moving average of $9.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The business had revenue of $410.58 million for the quarter, compared to analyst estimates of $401.97 million. Comstock Resources had a return on equity of 5.65% and a net margin of 13.49%. The firm’s quarterly revenue was down 55.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share.

Insider Buying and Selling

In related news, major shareholder Star Exploration Corp Blue bought 12,500,000 shares of Comstock Resources stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of $8.04 per share, for a total transaction of $100,500,000.00. Following the completion of the transaction, the insider now owns 194,821,429 shares of the company’s stock, valued at $1,566,364,289.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Comstock Resources by 214.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,716 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,851 shares during the last quarter. GAMMA Investing LLC grew its stake in Comstock Resources by 428.9% in the first quarter. GAMMA Investing LLC now owns 4,771 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 3,869 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Comstock Resources by 2,161.0% in the first quarter. Hexagon Capital Partners LLC now owns 4,929 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 4,711 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Comstock Resources by 80.0% during the third quarter. Federated Hermes Inc. now owns 5,500 shares of the oil and gas producer’s stock worth $61,000 after purchasing an additional 2,445 shares during the period. Finally, Steward Financial Group LLC lifted its holdings in shares of Comstock Resources by 86.9% during the 3rd quarter. Steward Financial Group LLC now owns 6,776 shares of the oil and gas producer’s stock valued at $74,000 after purchasing an additional 3,151 shares in the last quarter. 36.13% of the stock is currently owned by institutional investors and hedge funds.

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.