KeyCorp Forecasts Comstock Resources’ Q2 Earnings (NYSE:CRK)

Comstock Resources, Inc. (NYSE:CRK) – Stock analysts at KeyCorp cut their Q2 2026 earnings per share estimates for Comstock Resources in a report released on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will earn $0.03 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Comstock Resources’ current full-year earnings is $0.56 per share. KeyCorp also issued estimates for Comstock Resources’ Q4 2026 earnings at $0.22 EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.09 EPS and FY2027 earnings at $0.93 EPS.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The company had revenue of $587.35 million for the quarter, compared to analyst estimates of $554.02 million. Comstock Resources had a net margin of 27.18% and a return on equity of 5.54%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS.

CRK has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Comstock Resources in a research note on Wednesday, May 20th. Williams Trading set a $16.00 price objective on shares of Comstock Resources in a research note on Thursday, May 14th. Citigroup reaffirmed a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 15th. UBS Group reissued a “sell” rating and set a $13.00 target price (down from $17.00) on shares of Comstock Resources in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $18.89.

Comstock Resources Stock Down 0.0%

CRK stock opened at $13.00 on Monday. The stock has a market cap of $3.82 billion, a PE ratio of 5.93 and a beta of 0.13. The firm’s 50-day simple moving average is $16.38 and its 200 day simple moving average is $20.14. Comstock Resources has a fifty-two week low of $12.84 and a fifty-two week high of $31.17. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Comstock Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC boosted its position in shares of Comstock Resources by 740.4% in the 4th quarter. Rothschild Investment LLC now owns 1,143 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 1,007 shares during the period. Advisory Services Network LLC purchased a new position in shares of Comstock Resources in the third quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Comstock Resources during the first quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comstock Resources during the fourth quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Comstock Resources by 671.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,376 shares in the last quarter. 36.13% of the stock is owned by institutional investors and hedge funds.

About Comstock Resources

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.