CRK

Comstock Resources Inc

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Advanced Chart

19.230

+0.48(2.560%)1D

Line

Candle

YTD

High

19.520

Open

18.800

VWAP

19.16

Vol

3.57M

Mkt Cap

5.64B

Low

18.400

Amount

68.41M

EV/EBITDA(TTM)

9.77

Total Shares

292.20M

8.68B

EV/OCF(TTM)

9.78

P/S(TTM)

3.30

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of the North American natural gas and oil segment. Its primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast natural gas markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in the Western Haynesville play. It has over 1,099,090 acres (819,489 net) prospective for the Haynesville and Bossier shale plays, located in North Louisiana and East Texas, including its extension of the plays in its Western Haynesville area. The Company owns interests in over 2,427 producing natural gas and oil wells (1,542.6 net) and it operates 1,747 of these wells.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q2

FY2026Q1

FY2025Q4

481.56M

+2.4%

0.210

+61.63%

522.83M

+1.94%

0.305

+69.36%

449.04M

+22.52%

0.136

-14.93%

Estimates Revision

The market is revising Downward the revenue expectations for Comstock Resources, Inc. (CRK) for FY2025, with the revenue forecasts being adjusted by -9.37% over the past three months. During the same period, the stock price has changed by 18.63%.

Revenue Estimates for FY2025

Revise Downward

-9.37%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-22.84%

In Past 3 Month

Stock Price

Go Up

+18.63%

In Past 3 Month

11 Analyst Rating

-6.92% Downside

Wall Street analysts forecast CRK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRK is 17.90 USD with a low forecast of 9.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

6 Hold

3 Sell

Hold

-6.92% Downside

Current: 19.230

Low

9.00

Averages

17.90

High

26.00

-6.92% Downside

Current: 19.230

Low

9.00

Averages

17.90

High

26.00

Clear Street

Tim Moore

initiated

$26

2025-10-22

Reason

Clear Street

Tim Moore

Price Target

$26

2025-10-22

initiated

Reason

Clear Street analyst Tim Moore initiated coverage of Comstock Resources with a Buy rating and $26 price target. The firm takes a "contrarian view" based on estimating more attractive economics of Comstock's Western Haynesville assets, which appear "undervalued," the analyst tells investors. The firm likes the catalysts of Western Haynesville value unlocking and deleveraging and views the majority stakeholder as "not a large overhang," adding that the stock has "adequate daily liquidity."

Piper Sandler

Underweight

downgrade

$10 -> $9

2025-10-21

Reason

Piper Sandler

Price Target

$10 -> $9

2025-10-21

downgrade

Underweight

Reason

Piper Sandler lowered the firm's price target on Comstock Resources to $9 from $10 and keeps an Underweight rating on the shares. Heading into Q3 earnings season, the conversations around E&P have centered around improving intermediate-term oil sentiment, the secular gas demand story driven by power and data center, the FY26 outlook on capital efficiency, expectations for continued M&A, increased focus on exploration and international exposure and rate of change across the U.S. onshore landscape. Piper is adjusting estimates for its E&P coverage heading into Q3 prints.

Mizuho

Nitin Kumar

Neutral

downgrade

$22 -> $21

2025-10-16

Reason

Mizuho

Nitin Kumar

Price Target

$22 -> $21

2025-10-16

downgrade

Neutral

Reason

Mizuho analyst Nitin Kumar lowered the firm's price target on Comstock Resources to $21 from $22 and keeps a Neutral rating on the shares as part of a Q3 earnings preview. The firm expects a modest EBITDA miss on weaker gas pricing and lower production.

Mizuho

Neutral

downgrade

$27 -> $22

2025-09-15

Reason

Mizuho

Price Target

$27 -> $22

2025-09-15

downgrade

Neutral

Reason

Mizuho lowered the firm's price target on Comstock Resources to $22 from $27 and keeps a Neutral rating on the shares. The firm adjusted ratings in the integrated oil space after updating its commodity price outlook and valuations. Mizuho still sees a positive skew in gas prices over the next 12 months. Oil stocks are pricing in the current strip while gas stocks offer a 10%-15% discount based on implied commodity prices, the analyst tells investors in a research note. As such, the firm maintains a relative preference for large-cap, gas exploration and production companies with "selective exposure" to core oil names.

UBS

Sell

downgrade

$18 -> $14

2025-08-20

Reason

UBS

Price Target

$18 -> $14

2025-08-20

downgrade

Sell

Reason

UBS lowered the firm's price target on Comstock Resources to $14 from $18 and keeps a Sell rating on the shares. Persistent commodity headwinds continue to dampen upside potential, the analyst tells investors in a research note.

Roth Capital

Leo Mariani

Neutral -> Sell

downgrade

$18 -> $12

2025-08-18

Reason

Roth Capital

Leo Mariani

Price Target

$18 -> $12

2025-08-18

downgrade

Neutral -> Sell

Reason

Roth Capital analyst Leo Mariani downgraded Comstock Resources to Sell from Neutral with a price target of $12, down from $18. The firm downgraded a host of gas stocks, saying Henry Hub natural gas prices may remain challenged well into 2026 due to oversupply conditions. The industry "seemingly hasn't learned the key lesson of the past two decades that supply ruins the party," the analyst tells investors in a research note. Roth does not expect gas prices to meaningfully improve until supply growth is constrained. As such, the firm sees weak supply/demand fundamentals for gas exposed companies.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Comstock Resources Inc (CRK.N) is 26.71, compared to its 5-year average forward P/E of 16.20. For a more detailed relative valuation and DCF analysis to assess Comstock Resources Inc 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

16.20

Current PE

26.71

Overvalued PE

36.79

Undervalued PE

-4.40

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

4.84

Current EV/EBITDA

7.24

Overvalued EV/EBITDA

6.43

Undervalued EV/EBITDA

3.25

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

1.82

Current PS

18.75

Overvalued PS

3.12

Undervalued PS

0.51