Comstock Resources, Inc. (NYSE:CRK) to Post Q4 2024 Earnings of $0.02 Per Share, Roth Capital Forecasts

Comstock Resources, Inc. (NYSE:CRK) – Roth Capital reduced their Q4 2024 EPS estimates for Comstock Resources in a research note issued on Wednesday, July 31st. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.07. The consensus estimate for Comstock Resources’ current full-year earnings is ($0.13) per share. Roth Capital also issued estimates for Comstock Resources’ Q4 2025 earnings at $0.18 EPS.

Comstock Resources (NYSE:CRK) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Comstock Resources had a negative return on equity of 1.38% and a negative net margin of 1.48%. The business had revenue of $246.80 million for the quarter, compared to the consensus estimate of $296.02 million. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year.

Other analysts also recently issued reports about the company. StockNews.com upgraded Comstock Resources to a “sell” rating in a report on Monday, April 29th. Truist Financial lifted their price objective on Comstock Resources from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Capital One Financial lowered shares of Comstock Resources from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. KeyCorp began coverage on shares of Comstock Resources in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Comstock Resources from $9.00 to $10.00 and gave the stock a “sell” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.25.

Comstock Resources Stock Down 8.3 %

NYSE:CRK opened at $8.32 on Friday. Comstock Resources has a twelve month low of $7.07 and a twelve month high of $13.39. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 37.82 and a beta of 0.51. The stock has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $9.56. The company has a current ratio of 0.59, a quick ratio of 0.64 and a debt-to-equity ratio of 1.21.

Hedge Funds Weigh In On Comstock Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new stake in Comstock Resources during the second quarter worth approximately $32,000. GAMMA Investing LLC lifted its stake in Comstock Resources by 428.9% during the first quarter. GAMMA Investing LLC now owns 4,771 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 3,869 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Comstock Resources by 2,161.0% during the first quarter. Hexagon Capital Partners LLC now owns 4,929 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 4,711 shares during the last quarter. Forum Financial Management LP purchased a new stake in Comstock Resources during the fourth quarter worth approximately $90,000. Finally, Headlands Technologies LLC purchased a new stake in Comstock Resources during the first quarter worth approximately $91,000. Hedge funds and other institutional investors 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.