Roth Capital Lifts Earnings Estimates for Comstock Resources

Comstock Resources, Inc. (NYSE:CRK) – Analysts at Roth Capital lifted their Q1 2025 earnings per share estimates for shares of Comstock Resources in a research note issued to investors on Wednesday, February 19th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.14 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for Comstock Resources’ current full-year earnings is $0.54 per share. Roth Capital also issued estimates for Comstock Resources’ Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.53 EPS.

Comstock Resources (NYSE:CRK) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. Comstock Resources had a negative return on equity of 3.10% and a negative net margin of 18.32%. The company had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million.

CRK has been the subject of a number of other research reports. Mizuho raised Comstock Resources from an “underperform” rating to a “neutral” rating and upped their price target for the company from $10.00 to $18.00 in a research report on Monday, December 16th. Truist Financial upped their price target on Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 13th. StockNews.com raised Comstock Resources to a “sell” rating in a research report on Thursday, February 20th. Piper Sandler upped their price target on Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Finally, Bank of America started coverage on Comstock Resources in a research report on Monday, October 28th. They set a “buy” rating and a $14.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.40.

Comstock Resources Trading Down 2.4 %

NYSE CRK opened at $19.08 on Monday. Comstock Resources has a 1-year low of $7.74 and a 1-year high of $22.06. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average of $18.76 and a 200-day moving average of $14.51. The firm has a market cap of $5.58 billion, a PE ratio of -25.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Comstock Resources by 116.3% during the third quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 3,611 shares during the period. Pullen Investment Management LLC boosted its position in shares of Comstock Resources by 16.1% in the third quarter. Pullen Investment Management LLC now owns 60,045 shares of the oil and gas producer’s stock worth $668,000 after purchasing an additional 8,312 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Comstock Resources in the third quarter worth $25,000. Mariner Investment Group LLC purchased a new stake in shares of Comstock Resources in the third quarter worth $278,000. Finally, Parametrica Management Ltd bought a new stake in shares of Comstock Resources during the 3rd quarter valued at $661,000. Institutional investors own 36.13% of the company’s stock.

Insiders Place Their Bets

In related news, Director Elizabeth B. Davis sold 8,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.17, for a total value of $145,360.00. Following the transaction, the director now owns 99,632 shares in the company, valued at $1,810,313.44. The trade was a 7.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 38,000 shares of company stock worth $634,660. 2.00% of the stock is currently owned by company insiders.

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.