KeyCorp Reduces Earnings Estimates for Comstock Resources

Comstock Resources, Inc. (NYSE:CRK) – Analysts at KeyCorp reduced their Q3 2026 earnings per share estimates for Comstock Resources in a research report issued to clients and investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.12. The consensus estimate for Comstock Resources’ current full-year earnings is $0.64 per share. KeyCorp also issued estimates for Comstock Resources’ FY2026 earnings at $0.50 EPS.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Comstock Resources in a research report on Wednesday, May 20th. Citigroup reiterated a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, April 15th. Williams Trading set a $16.00 price objective on Comstock Resources in a research note on Thursday, May 14th. Morgan Stanley lowered their price objective on Comstock Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Finally, Mizuho decreased their price target on Comstock Resources from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $18.89.

Comstock Resources Stock Performance

CRK opened at $13.86 on Friday. The stock has a market cap of $4.07 billion, a PE ratio of 6.33 and a beta of 0.13. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.96. Comstock Resources has a 1 year low of $12.84 and a 1 year high of $31.17. The stock’s 50 day simple moving average is $16.57 and its 200-day simple moving average is $20.23.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The firm had revenue of $587.35 million for the quarter, compared to the consensus estimate of $554.02 million. Comstock Resources had a net margin of 27.18% and a return on equity of 5.54%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

Hedge Funds Weigh In On Comstock Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CreativeOne Wealth LLC lifted its stake in Comstock Resources by 3.7% in the third quarter. CreativeOne Wealth LLC now owns 13,931 shares of the oil and gas producer’s stock valued at $276,000 after buying an additional 500 shares during the period. Natixis Advisors LLC lifted its stake in Comstock Resources by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 29,703 shares of the oil and gas producer’s stock valued at $689,000 after buying an additional 572 shares during the period. Carrera Capital Advisors lifted its stake in Comstock Resources by 0.7% in the fourth quarter. Carrera Capital Advisors now owns 82,910 shares of the oil and gas producer’s stock valued at $1,922,000 after buying an additional 606 shares during the period. Uhlmann Price Securities LLC lifted its stake in Comstock Resources by 2.4% in the third quarter. Uhlmann Price Securities LLC now owns 27,653 shares of the oil and gas producer’s stock valued at $548,000 after buying an additional 650 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Comstock Resources by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 6,303 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 679 shares during the period. Institutional investors and hedge funds own 36.13% 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.