KeyCorp Decreases Earnings Estimates for Comstock Resources

Comstock Resources, Inc. (NYSE:CRK) – Equities researchers at KeyCorp dropped their Q3 2025 earnings per share (EPS) estimates for shares of Comstock Resources in a research report issued to clients and investors on Tuesday, October 14th. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will earn $0.01 per share for the quarter, down from their prior forecast of $0.17. The consensus estimate for Comstock Resources’ current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Comstock Resources’ Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.42 EPS, Q1 2026 earnings at $0.22 EPS, FY2026 earnings at $0.67 EPS and FY2027 earnings at $1.02 EPS.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas producer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $470.26 million during the quarter, compared to analyst estimates of $431.82 million. Comstock Resources had a positive return on equity of 3.65% and a negative net margin of 5.05%.Comstock Resources’s quarterly revenue was up 90.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.20) EPS.

A number of other research analysts also recently weighed in on the company. UBS Group reduced their target price on Comstock Resources from $18.00 to $14.00 and set a “sell” rating on the stock in a report on Wednesday, August 20th. Roth Capital downgraded Comstock Resources from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $18.00 to $12.00 in a report on Monday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Comstock Resources in a report on Wednesday, October 8th. Zacks Research downgraded Comstock Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Morgan Stanley reduced their target price on Comstock Resources from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $19.60.

Comstock Resources Stock Down 4.2%

CRK stock opened at $16.99 on Friday. Comstock Resources has a fifty-two week low of $11.05 and a fifty-two week high of $31.17. The business’s 50 day moving average price is $17.43 and its two-hundred day moving average price is $20.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -70.77 and a beta of 0.19.

Institutional Trading of Comstock Resources

Several hedge funds and other institutional investors have recently made changes to their positions in CRK. GAMMA Investing LLC grew its stake in shares of Comstock Resources by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 6,803 shares of the oil and gas producer’s stock worth $138,000 after buying an additional 1,017 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Comstock Resources by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,599 shares of the oil and gas producer’s stock worth $236,000 after buying an additional 1,145 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Comstock Resources by 1.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 45,075 shares of the oil and gas producer’s stock worth $917,000 after buying an additional 550 shares during the last quarter. Highland Capital Management LLC purchased a new stake in shares of Comstock Resources in the 1st quarter worth approximately $218,000. Finally, Clarus Group Inc. grew its stake in shares of Comstock Resources by 2.8% in the 1st quarter. Clarus Group Inc. now owns 197,200 shares of the oil and gas producer’s stock worth $4,011,000 after buying an additional 5,287 shares during the last quarter. Hedge funds and other institutional investors own 36.13% 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.