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

Comstock Resources, Inc. (NYSE:CRK) – Investment analysts at Capital One Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Comstock Resources in a research report issued on Friday, April 19th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas producer will earn $0.81 per share 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 announced 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 net margin of 13.49% and a return on equity of 5.65%. The business had revenue of $410.58 million for the quarter, compared to analyst estimates of $401.97 million. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was down 55.5% on a year-over-year basis.

A number of other research analysts have also weighed in on CRK. Truist Financial cut their price objective on Comstock Resources from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Piper Sandler cut their price objective on Comstock Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. The Goldman Sachs Group increased their price objective on Comstock Resources from $8.00 to $9.00 and gave the company a “sell” rating in a report on Tuesday, April 2nd. StockNews.com raised Comstock Resources to a “sell” rating in a report on Thursday, April 4th. Finally, Pickering Energy Partners raised Comstock Resources from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.75.

Comstock Resources Stock Up 0.4 %

Shares of CRK stock opened at $9.77 on Monday. The stock’s 50-day simple moving average is $8.62 and its 200-day simple moving average is $9.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.87 and a beta of 0.70. Comstock Resources has a fifty-two week low of $7.07 and a fifty-two week high of $13.39.

Insider Transactions at Comstock Resources

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

Hedge Funds Weigh In On Comstock Resources

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in 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 worth $95,838,000 after purchasing an additional 34,231 shares in the last quarter. KGH Ltd lifted its position in shares of Comstock Resources by 119.3% in the third quarter. KGH Ltd now owns 8,586,000 shares of the oil and gas producer’s stock valued at $94,704,000 after acquiring an additional 4,670,959 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Comstock Resources by 29.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,139,351 shares of the oil and gas producer’s stock valued at $72,035,000 after acquiring an additional 1,833,302 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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. lifted its position in shares of Comstock Resources by 13.9% in 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 in the last quarter. Hedge funds and other institutional investors own 36.13% of the company’s stock.

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.