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

Comstock Resources, Inc. (NYSE:CRK) – Research analysts at Capital One Financial decreased their FY2025 EPS estimates for shares of 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 per share of $0.81 for the year, down from their previous forecast of $0.82. The consensus estimate for Comstock Resources’ current full-year earnings is $0.06 per share.

Comstock Resources (NYSE:CRK) last issued its earnings results 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). Comstock Resources had a return on equity of 5.65% and a net margin of 13.49%. The company had revenue of $410.58 million for the quarter, compared to the consensus estimate of $401.97 million. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was down 55.5% compared to the same quarter last year.

Several other research analysts have also issued reports on the company. Mizuho cut their price target on Comstock Resources from $10.00 to $9.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group increased their target price on Comstock Resources from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Tuesday, April 2nd. Pickering Energy Partners upgraded shares of Comstock Resources from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Piper Sandler lowered their price objective on shares of Comstock Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. Finally, StockNews.com upgraded shares of Comstock Resources to a “sell” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.67.

Comstock Resources Price Performance

CRK stock opened at $9.75 on Monday. Comstock Resources has a 1 year low of $7.07 and a 1 year high of $13.39. The stock has a market capitalization of $2.71 billion, a PE ratio of 12.83 and a beta of 0.70. The company’s 50-day moving average is $8.58 and its 200-day moving average is $9.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.68 and a quick ratio of 0.68.

Insider Buying and Selling at Comstock Resources

In other news, major shareholder Star Exploration Corp Blue purchased 12,500,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of $8.04 per share, for a total transaction of $100,500,000.00. Following the completion of the acquisition, the insider now owns 194,821,429 shares in the company, valued at $1,566,364,289.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Comstock Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Comstock Resources by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,829,100 shares of the oil and gas producer’s stock worth $95,838,000 after purchasing an additional 34,231 shares during the last quarter. KGH Ltd increased 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 valued at $94,704,000 after purchasing an additional 4,670,959 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Comstock Resources by 29.1% during 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 purchasing 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 3rd quarter. Bank of New York Mellon Corp now owns 3,295,391 shares of the oil and gas producer’s stock worth $36,348,000 after buying an additional 41,260 shares during the last quarter. Finally, Heartland Advisors Inc. grew its position in 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 buying an additional 180,917 shares during the period. 36.13% of the stock is owned by hedge funds and other institutional investors.

About Comstock Resources

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.