Comstock Resources (NYSE:CRK) Cut to “Neutral” at Bank of America

Bank of America lowered shares of Comstock Resources (NYSE:CRK) from a buy rating to a neutral rating in a research report released on Friday, Marketbeat Ratings reports. They currently have $24.00 price target on the oil and gas producer’s stock, down from their prior price target of $27.00.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Comstock Resources in a report on Monday, December 29th. Mizuho increased their price objective on shares of Comstock Resources from $21.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised shares of Comstock Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. UBS Group reaffirmed a “sell” rating and set a $18.00 target price (up from $16.00) on shares of Comstock Resources in a report on Friday, December 12th. Finally, Piper Sandler decreased their price target on shares of Comstock Resources from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $20.22.

Comstock Resources Stock Up 1.6%

Comstock Resources stock opened at $21.19 on Friday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 84.76 and a beta of 0.39. The stock has a fifty day simple moving average of $23.66 and a two-hundred day simple moving average of $20.43. Comstock Resources has a 12 month low of $14.65 and a 12 month high of $31.17. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.19.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Comstock Resources had a net margin of 3.14% and a return on equity of 6.71%. The firm had revenue of $449.85 million for the quarter, compared to the consensus estimate of $433.54 million. During the same quarter last year, the firm posted ($0.17) EPS. The business’s quarterly revenue was up 47.8% compared to the same quarter last year. Equities analysts predict that Comstock Resources will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Comstock Resources

Several large investors have recently added to or reduced their stakes in CRK. Bank of America Corp DE increased its stake in shares of Comstock Resources by 5.1% in the third quarter. Bank of America Corp DE now owns 1,948,702 shares of the oil and gas producer’s stock worth $38,643,000 after purchasing an additional 94,856 shares in the last quarter. Woodline Partners LP boosted its holdings in Comstock Resources by 50.5% in the 3rd quarter. Woodline Partners LP now owns 1,231,916 shares of the oil and gas producer’s stock worth $24,429,000 after buying an additional 413,611 shares during the period. Aventail Capital Group LP increased its stake in Comstock Resources by 149.9% in the 3rd quarter. Aventail Capital Group LP now owns 1,143,721 shares of the oil and gas producer’s stock worth $22,680,000 after buying an additional 686,002 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Comstock Resources by 67.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,086,868 shares of the oil and gas producer’s stock worth $22,107,000 after buying an additional 437,476 shares in the last quarter. Finally, Man Group plc raised its holdings in Comstock Resources by 1,752.8% during the third quarter. Man Group plc now owns 600,205 shares of the oil and gas producer’s stock valued at $11,902,000 after acquiring an additional 567,810 shares during the period. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Key Headlines Impacting Comstock Resources

Here are the key news stories impacting Comstock Resources this week:

• Neutral Sentiment: KeyBanc/KeyCorp maintained a Hold stance on CRK (no upgrade). That keeps official sentiment unchanged rather than providing new bullish catalyst; investors may view this as a neutral read. KeyBanc Sticks to Its Hold Rating for Comstock Resources (CRK)
• Negative Sentiment: B of A Securities downgraded Comstock Resources. A downgrade typically increases selling pressure or lowers conviction among institutional holders and can weigh on near‑term performance. B of A Securities Downgrades Comstock Resources (CRK)
• Negative Sentiment: KeyCorp/analyst T. Rezvan cut multiple EPS forecasts for CRK across 2026–2027: materially lowering FY2026 EPS from prior $0.67 to $0.55 and trimming quarterly 2026 estimates (Q1 to $0.15, Q2 to $0.07, Q3 to $0.09, Q4 to $0.24). FY2027 was also trimmed (to $0.99 from $1.02). These estimate cuts signal weaker near‑term earnings outlook and are likely to exert downward pressure on the share price. KeyCorp cuts EPS estimates (MarketBeat)

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.