FY2025 EPS Estimates for Comstock Resources, Inc. Reduced by Analyst (NYSE:CRK)

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

Several other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research report on Thursday, April 4th. Stifel Nicolaus cut their price objective on Comstock Resources from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Truist Financial decreased their target price on Comstock Resources from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Mizuho lowered their price target on Comstock Resources from $10.00 to $9.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Finally, Piper Sandler reduced their price objective on Comstock Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Comstock Resources has a consensus rating of “Hold” and an average target price of $9.67.

Comstock Resources Stock Up 2.4 %

Shares of NYSE:CRK opened at $9.75 on Monday. The firm has a market cap of $2.71 billion, a PE ratio of 12.83 and a beta of 0.70. The company has a fifty day simple moving average of $8.58 and a 200 day simple 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 has a 12-month low of $7.07 and a 12-month high of $13.39.

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

Insider Buying and Selling

In other news, major shareholder Star Exploration Corp Blue purchased 12,500,000 shares of Comstock Resources stock in a transaction dated Monday, March 25th. The stock was bought at an average price of $8.04 per share, with a total value of $100,500,000.00. Following the completion of the acquisition, the insider now owns 194,821,429 shares in the company, valued at approximately $1,566,364,289.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Comstock Resources

Several large investors have recently made changes to their positions in CRK. Vanguard Group Inc. raised its stake in shares of Comstock Resources by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,829,100 shares of the oil and gas producer’s stock valued at $95,838,000 after purchasing an additional 34,231 shares in the last quarter. KGH Ltd raised its position in shares of Comstock Resources by 119.3% during the 3rd quarter. KGH Ltd now owns 8,586,000 shares of the oil and gas producer’s stock worth $94,704,000 after buying an additional 4,670,959 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Comstock Resources by 29.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,139,351 shares of the oil and gas producer’s stock worth $72,035,000 after acquiring an additional 1,833,302 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Comstock Resources by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 3,295,391 shares of the oil and gas producer’s stock valued at $36,348,000 after acquiring an additional 41,260 shares in the last quarter. Finally, Heartland Advisors Inc. increased its stake in shares of Comstock Resources by 13.9% during the third quarter. Heartland Advisors Inc. now owns 1,485,997 shares of the oil and gas producer’s stock valued at $18,107,000 after acquiring an additional 180,917 shares during the period. Institutional investors and hedge funds 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.