Q2 EPS Estimates for Comstock Resources Lowered by KeyCorp

Comstock Resources, Inc. (NYSE:CRK) – KeyCorp cut their Q2 2026 earnings per share estimates for shares of Comstock Resources in a research note issued to investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will post earnings of $0.05 per share for the quarter, down from their previous 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 released its quarterly earnings data on Wednesday, February 11th. The oil and gas producer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $787.32 million during the quarter, compared to the consensus estimate of $504.66 million. Comstock Resources had a return on equity of 6.30% and a net margin of 17.80%.The firm’s revenue for the quarter was up 115.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS.

A number of other brokerages also recently commented on CRK. Morgan Stanley set a $19.00 price objective on shares of Comstock Resources in a research report on Friday, February 13th. Citigroup upped their target price on shares of Comstock Resources from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America downgraded shares of Comstock Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $27.00 to $24.00 in a research note on Friday, January 16th. UBS Group set a $17.00 price target on Comstock Resources in a research report on Friday, February 13th. Finally, Wall Street Zen lowered Comstock Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment 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, the company has an average rating of “Reduce” and a consensus price target of $20.88.

Comstock Resources Stock Performance

NYSE CRK opened at $19.50 on Friday. The firm 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 current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm’s fifty day moving average price is $20.76 and its two-hundred day moving average price is $21.41. Comstock Resources has a 1 year low of $14.65 and a 1 year high of $31.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Redwood Family Wealth LLC acquired a new stake in Comstock Resources during the fourth quarter worth approximately $232,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Comstock Resources in the fourth quarter valued at approximately $36,000. Invesco Ltd. grew its position in shares of Comstock Resources by 4.2% in the fourth quarter. Invesco Ltd. now owns 969,961 shares of the oil and gas producer’s stock valued at $22,484,000 after purchasing an additional 39,409 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Comstock Resources by 17.2% during the fourth quarter. Empowered Funds LLC now owns 108,103 shares of the oil and gas producer’s stock worth $2,506,000 after purchasing an additional 15,852 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Comstock Resources during the fourth quarter worth approximately $870,000. 36.13% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Patrick Mcgough sold 48,915 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $21.20, for a total transaction of $1,036,998.00. Following the completion of the sale, the vice president owned 187,516 shares in the company, valued at approximately $3,975,339.20. This trade represents a 20.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Comstock Resources Company Profile

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.