Comstock Resources (NYSE:CRK) Stock Keeps “Hold” Rating at Truist Financial

Truist Financial reissued their hold rating on shares of Comstock Resources (NYSE:CRK) in a report published on Friday,Benzinga reports. The firm currently has a $15.00 target price on the oil and gas producer’s stock, down from their previous target price of $16.00.

Several other analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comstock Resources in a research note on Monday, August 17th. Scotiabank began coverage on Comstock Resources in a research report on Wednesday, October 14th. They set an “underperform” rating and a $11.00 price objective for the company. Mizuho lowered their target price on Comstock Resources from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Roth Capital reissued a “neutral” rating and issued a $14.00 target price on shares of Comstock Resources in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group upped their price target on Comstock Resources from $9.00 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, September 2nd. Ten analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.92.

Comstock Resources Stock Performance

NYSE:CRK traded up $0.14 during trading hours on Friday, reaching $13.46. 2,661,378 shares of the company’s stock were exchanged, compared to its average volume of 2,464,208. Comstock Resources has a 1-year low of $12.12 and a 1-year high of $28.10. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.22 and a beta of 0.54. The company has a 50-day moving average of $13.94 and a 200 day moving average of $16.01.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Comstock Resources had a net margin of 23.31% and a return on equity of 4.12%. The business had revenue of $384.36 million during the quarter, compared to analyst estimates of $420.97 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Research analysts anticipate that Comstock Resources will post 0.31 EPS for the current year.

Institutional Trading of Comstock Resources

Several hedge funds and other institutional investors have recently made changes to their positions in CRK. ProShare Advisors LLC increased its holdings in Comstock Resources by 8.1% in the third quarter. ProShare Advisors LLC now owns 11,060 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 828 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Comstock Resources by 3.2% during the 1st quarter. Bleakley Financial Group LLC now owns 36,792 shares of the oil and gas producer’s stock worth $776,000 after acquiring an additional 1,131 shares in the last quarter. Isthmus Partners LLC grew its holdings in shares of Comstock Resources by 0.6% in the 3rd quarter. Isthmus Partners LLC now owns 194,679 shares of the oil and gas producer’s stock worth $2,398,000 after acquiring an additional 1,201 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Comstock Resources in the 1st quarter worth approximately $29,000. Finally, International Assets Investment Management LLC increased its stake in Comstock Resources by 14.8% in the 1st quarter. International Assets Investment Management LLC now owns 12,821 shares of the oil and gas producer’s stock valued at $246,000 after purchasing an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 36.13% of the company’s stock.

Trending Headlines about Comstock Resources

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

• Positive Sentiment: Third-quarter production grew 9%, a sign of stronger operating output. Comstock Resources Reports 9% Production Growth as Q3 Earnings Miss Estimates
• Neutral Sentiment: Azerbaijan’s SOCAR agreed to purchase stakes in Comstock assets for $1.65 billion. The deal could be strategically significant, though the provided report does not detail its expected financial impact on CRK. Azerbaijan’s SOCAR purchases stakes in Comstock’s assets for $1.65 billion
• Negative Sentiment: Q3 results missed expectations: EPS was $0.02 versus the $0.04 consensus, revenue was $384.36 million versus $420.97 million expected, and revenue fell 14.6% year over year. Earnings were also down from $0.09 per share a year earlier. Comstock Resources reports sales below analyst estimates in Q3 2026 earnings
• Negative Sentiment: Truist reaffirmed its “hold” rating but cut its price target to $15 from $16, signaling reduced expectations despite implied upside from the cited $13.46 share price.

About Comstock Resources

Comstock Resources, Inc is an independent energy company engaged in the acquisition, development, production and exploration of oil and natural gas properties. The company’s operations are focused primarily on unconventional resources, with natural gas serving as its principal product.

Comstock’s core asset base is concentrated in the Haynesville and Bossier shale formations in East Texas and North Louisiana. These regions are among the major natural gas-producing areas in the United States, and the company uses horizontal drilling and hydraulic fracturing to develop its properties.