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Energy - Oil & Gas Exploration & Production - NYSE - US
$ 13.37
-0.149 %
$ 3.91 B
Market Cap
-74.28
P/E
1. INTRINSIC VALUE

Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves. It also owns interests in 2,557 producing oil and natural gas wells. The company was incorporated in 1919 and is headquartered in Frisco, Texas.[ Read More ]

The intrinsic value of one CRK stock under the base case scenario is HIDDEN Compared to the current market price of 13.4 USD, Comstock Resources, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CRK

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FINANCIALS
1.57 B REVENUE
-56.86%
226 M OPERATING INCOME
-90.07%
212 M NET INCOME
-81.46%
1.02 B OPERATING CASH FLOW
-40.13%
-1.42 B INVESTING CASH FLOW
-29.16%
363 M FINANCING CASH FLOW
162.94%
304 M REVENUE
23.35%
-61.3 M OPERATING INCOME
33.69%
-20.8 M NET INCOME
83.52%
98.2 M OPERATING CASH FLOW
17.46%
-229 M INVESTING CASH FLOW
-5.60%
108 M FINANCING CASH FLOW
-25.95%
Balance Sheet Decomposition Comstock Resources, Inc.
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Current Assets 461 M
Cash & Short-Term Investments 16.7 M
Receivables 245 M
Other Current Assets 199 M
Non-Current Assets 6.01 B
Long-Term Investments 0
PP&E 5.46 B
Other Non-Current Assets 552 M
Current Liabilities 681 M
Accounts Payable 523 M
Short-Term Debt 26.1 M
Other Current Liabilities 132 M
Non-Current Liabilities 3.19 B
Long-Term Debt 2.69 B
Other Non-Current Liabilities 501 M
EFFICIENCY
Earnings Waterfall Comstock Resources, Inc.
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Revenue 1.57 B
Cost Of Revenue 1.3 B
Gross Profit 264 M
Operating Expenses 38 M
Operating Income 226 M
Other Expenses 14.9 M
Net Income 212 M
RATIOS
16.90% GROSS MARGIN
16.90%
14.47% OPERATING MARGIN
14.47%
13.52% NET MARGIN
13.52%
8.97% ROE
8.97%
3.27% ROA
3.27%
3.89% ROIC
3.89%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Comstock Resources, Inc.
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Net Income 212 M
Depreciation & Amortization 608 M
Capital Expenditures -1.43 B
Stock-Based Compensation 9.87 M
Change in Working Capital 242 M
Others -98.4 M
Free Cash Flow -408 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Comstock Resources, Inc.
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Wall Street analysts predict an average 1-year price target for CRK of $9.33 , with forecasts ranging from a low of $5 to a high of $11 .
CRK Lowest Price Target Wall Street Target
5 USD -62.60%
CRK Average Price Target Wall Street Target
9.33 USD -30.19%
CRK Highest Price Target Wall Street Target
11 USD -17.73%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.125 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Comstock Resources, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
53.8 M USD 1
0-3 MONTHS
83.6 M USD 2
3-6 MONTHS
100 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 27, 2024
Bought 901 K USD
Arkoma Drilling, L.P.
10 percent owner
+ 80092
11.25 USD
2 months ago
Aug 26, 2024
Bought 6.84 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 592246
11.5433 USD
2 months ago
Aug 23, 2024
Bought 11.7 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 1044200
11.1642 USD
2 months ago
Aug 22, 2024
Bought 11.4 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 1044200
10.9612 USD
2 months ago
Aug 21, 2024
Bought 11.6 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 1044200
11.0952 USD
2 months ago
Aug 20, 2024
Bought 11.4 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 1044200
10.9261 USD
3 months ago
Aug 16, 2024
Bought 6.1 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 573453
10.6395 USD
3 months ago
Aug 15, 2024
Bought 10.4 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 981898
10.5567 USD
3 months ago
Aug 14, 2024
Bought 10.4 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 981898
10.5834 USD
3 months ago
Aug 13, 2024
Bought 9.95 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 981898
10.1359 USD
3 months ago
Aug 12, 2024
Bought 9.95 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 981898
10.1322 USD
3 months ago
Aug 09, 2024
Bought 8.06 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 825868
9.7612 USD
3 months ago
Aug 08, 2024
Bought 7.78 M USD
Arkoma Drilling, L.P.
10 percent owner
+ 825868
9.4186 USD
3 months ago
Aug 07, 2024
Bought 7.28 M USD
Blue Star Exploration Corp
10 percent owner
+ 825868
8.8165 USD
3 months ago
Aug 06, 2024
Bought 7.01 M USD
Blue Star Exploration Corp
10 percent owner
+ 825868
8.494 USD
3 months ago
Aug 05, 2024
Bought 6.74 M USD
Blue Star Exploration Corp
10 percent owner
+ 825000
8.1643 USD
7 months ago
Mar 25, 2024
Bought 100 M USD
Blue Star Exploration Corp
10 percent owner
+ 12500000
8.036 USD
1 year ago
Mar 24, 2023
Bought 99 K USD
BURNS ROLAND O
President & CFO
+ 10000
9.8988 USD
1 year ago
Mar 23, 2023
Bought 100 K USD
BURNS ROLAND O
President & CFO
+ 10000
10 USD
1 year ago
Mar 15, 2023
Bought 50.4 K USD
Claunch Brian Christopher
VP of Financial Reporting
+ 5000
10.08 USD
1 year ago
Mar 15, 2023
Bought 201 K USD
McGough Patrick
Vice President of Operations
+ 20000
10.05 USD
1 year ago
Dec 22, 2022
Bought 209 K USD
TURNER JIM L
Director
+ 15000
13.9127 USD
1 year ago
Dec 09, 2022
Bought 201 K USD
FOSTER MORRIS E
Director
+ 14025
14.33 USD
2 years ago
Sep 08, 2022
Bought 917 K USD
TURNER JIM L
director:
+ 50000
18.3439 USD
2 years ago
Sep 07, 2022
Bought 243 K USD
FOSTER MORRIS E
director:
+ 14000
17.3864 USD
2 years ago
Aug 08, 2022
Bought 428 K USD
McGough Patrick
director: Vice President of Operations
+ 28800
14.86 USD
4 years ago
Aug 19, 2020
Sell 55.1 M USD
Porter Stuart D
- 9842500
5.6 USD
4 years ago
Aug 19, 2020
Sell 55.1 M USD
Porter Stuart D
Director
- 9842500
5.6 USD
4 years ago
May 14, 2020
Bought 119 K USD
BURNS ROLAND O
President & CFO
+ 25000
4.7413 USD
4 years ago
May 14, 2020
Bought 190 K USD
ALLISON M JAY
Chairman & CEO
+ 40000
4.7507 USD
4 years ago
May 14, 2020
Bought 355 K USD
TURNER JIM L
Director
+ 75000
4.7314 USD
5 years ago
Sep 20, 2019
Sell 59.2 K USD
Romoser Russell W
VP of Reservoir Engineering
- 6319
9.3612 USD
5 years ago
Jul 16, 2019
Bought 300 M USD
Blue Star Exploration Corp
10 percent owner
+ 50000000
6 USD
5 years ago
Jul 16, 2019
Bought 0 USD
Blue Star Exploration Corp
10 percent owner
+ 175000
0 USD
6 years ago
Dec 28, 2017
Bought 100 K USD
ALLISON M JAY
Chairman & CEO
+ 12500
7.9999 USD
6 years ago
Dec 06, 2017
Bought 237 K USD
ALLISON M JAY
Chairman & CEO
+ 34000
6.9737 USD
6 years ago
Dec 05, 2017
Bought 294 K USD
ALLISON M JAY
Chairman & CEO
+ 45000
6.5269 USD
6 years ago
Dec 04, 2017
Bought 253 K USD
ALLISON M JAY
Chairman & CEO
+ 41000
6.1671 USD
7 years ago
Dec 27, 2016
Sell 81 K USD
ALLISON M JAY
Chairman & CEO
- 8000
10.1243 USD
7 years ago
Dec 27, 2016
Sell 81 K USD
ALLISON M JAY
Chairman & CEO
- 8000
10.1243 USD
8 years ago
Nov 15, 2016
Bought 49.2 K USD
MARTIN CECIL E JR
Director
+ 5500
8.95 USD
8 years ago
May 26, 2016
Sell 9.05 K USD
WESTCOTT CARL H
10 percent owner
- 12500
0.7238 USD
8 years ago
May 26, 2016
Sell 11.5 K USD
WESTCOTT CARL H
10 percent owner
- 16000
0.7178 USD
8 years ago
May 16, 2016
Sell 424 USD
WESTCOTT CARL H
Director
- 600
0.7067 USD
8 years ago
May 16, 2016
Sell 427 USD
WESTCOTT CARL H
Director
- 600
0.7109 USD
8 years ago
Dec 22, 2015
Sell 1.86 K USD
Romoser Russell W
VP of Reservoir Engineering
- 1000
1.8611 USD
8 years ago
Dec 22, 2015
Sell 7.35 K USD
PRESLEY DANIEL K
VP of Accounting
- 4000
1.8378 USD
8 years ago
Dec 22, 2015
Sell 7.35 K USD
PRESLEY DANIEL K
VP of Accounting
- 4000
1.8378 USD
9 years ago
Sep 02, 2015
Bought 28 K USD
Sewell Frederic D
Director
+ 10000
2.8 USD
9 years ago
Sep 02, 2015
Bought 28 K USD
Sewell Frederic D
Director
+ 10000
2.8 USD
9 years ago
Aug 14, 2015
Bought 7.8 K USD
Sanders LaRae Lynn
Vice President of Land
+ 2500
3.12 USD
9 years ago
Aug 11, 2015
Bought 19.9 K USD
SLEDGE DAVID W
Director
+ 10000
1.99 USD
9 years ago
Aug 11, 2015
Bought 19.9 K USD
SLEDGE DAVID W
Director
+ 10000
1.99 USD
9 years ago
Aug 11, 2015
Bought 19.9 K USD
MARTIN CECIL E JR
Director
+ 10000
1.99 USD
9 years ago
Aug 11, 2015
Bought 9.9 K USD
BURNS ROLAND O
President & CFO
+ 5000
1.98 USD
9 years ago
Aug 11, 2015
Bought 9.9 K USD
BURNS ROLAND O
President & CFO
+ 5000
1.98 USD
9 years ago
Aug 11, 2015
Bought 19.8 K USD
ALLISON M JAY
Chairman & CEO
+ 10000
1.98 USD
9 years ago
Aug 11, 2015
Bought 19.8 K USD
GOOD MACK D
Chief Operating Officer
+ 10000
1.98 USD
9 years ago
Aug 11, 2015
Bought 19.8 K USD
GOOD MACK D
Chief Operating Officer
+ 10000
1.98 USD
9 years ago
Aug 07, 2015
Bought 46.6 K USD
WESTCOTT CARL H
Director
+ 26348
1.7702 USD
9 years ago
Aug 07, 2015
Bought 46.6 K USD
WESTCOTT CARL H
10 percent owner
+ 26348
1.7702 USD
9 years ago
Aug 06, 2015
Bought 132 K USD
WESTCOTT CARL H
10 percent owner
+ 105700
1.2503 USD
9 years ago
Aug 06, 2015
Bought 132 K USD
WESTCOTT CARL H
Director
+ 105700
1.2503 USD
9 years ago
Aug 05, 2015
Bought 1.27 M USD
WESTCOTT CARL H
Director
+ 948995
1.3403 USD
9 years ago
Aug 05, 2015
Bought 1.27 M USD
WESTCOTT CARL H
10 percent owner
+ 948995
1.3403 USD
9 years ago
Aug 04, 2015
Bought 129 K USD
WESTCOTT CARL H
10 percent owner
+ 117000
1.1029 USD
9 years ago
Aug 04, 2015
Bought 129 K USD
WESTCOTT CARL H
Director
+ 117000
1.1029 USD
9 years ago
Aug 03, 2015
Bought 37.2 K USD
WESTCOTT CARL H
Director
+ 33000
1.1275 USD
9 years ago
Aug 03, 2015
Bought 37.2 K USD
WESTCOTT CARL H
10 percent owner
+ 33000
1.1275 USD
9 years ago
Jul 31, 2015
Bought 7.9 K USD
WESTCOTT CARL H
10 percent owner
+ 6200
1.2741 USD
9 years ago
Jul 31, 2015
Bought 7.9 K USD
WESTCOTT CARL H
Director
+ 6200
1.2741 USD
9 years ago
Jul 30, 2015
Bought 21 K USD
WESTCOTT CARL H
Director
+ 15000
1.4 USD
9 years ago
Jul 30, 2015
Bought 21 K USD
WESTCOTT CARL H
10 percent owner
+ 15000
1.4 USD
9 years ago
Aug 03, 2015
Sell 25.4 K USD
WESTCOTT CARL H
Director
- 20000
1.2688 USD
9 years ago
Aug 03, 2015
Sell 25.4 K USD
WESTCOTT CARL H
10 percent owner
- 20000
1.2688 USD
9 years ago
Aug 05, 2015
Bought 55.5 K USD
WESTCOTT CARL H
Director
+ 43964
1.2615 USD
9 years ago
Aug 05, 2015
Bought 55.5 K USD
WESTCOTT CARL H
10 percent owner
+ 43964
1.2615 USD
9 years ago
Aug 04, 2015
Bought 5.7 K USD
WESTCOTT CARL H
Director
+ 5000
1.14 USD
9 years ago
Aug 04, 2015
Bought 5.7 K USD
WESTCOTT CARL H
10 percent owner
+ 5000
1.14 USD
9 years ago
Aug 03, 2015
Bought 11.3 K USD
WESTCOTT CARL H
10 percent owner
+ 10000
1.13 USD
9 years ago
Aug 03, 2015
Bought 11.3 K USD
WESTCOTT CARL H
Director
+ 10000
1.13 USD
9 years ago
Aug 03, 2015
Sell 1.73 K USD
WESTCOTT CARL H
10 percent owner
- 1520
1.1401 USD
9 years ago
Aug 03, 2015
Sell 1.73 K USD
WESTCOTT CARL H
Director
- 1520
1.1401 USD
9 years ago
Aug 04, 2015
Bought 11.4 K USD
WESTCOTT CARL H
Director
+ 10000
1.14 USD
9 years ago
Aug 04, 2015
Bought 11.4 K USD
WESTCOTT CARL H
10 percent owner
+ 10000
1.14 USD
9 years ago
Dec 10, 2014
Bought 57.1 K USD
PRESLEY DANIEL K
VP of Accounting
+ 10000
5.7099 USD
9 years ago
Dec 09, 2014
Bought 17.3 K USD
McBurney Michael D
VP of Marketing
+ 3000
5.77 USD
9 years ago
Dec 08, 2014
Bought 285 K USD
TURNER JIM L
Director
+ 50000
5.6994 USD
9 years ago
Dec 01, 2014
Bought 177 K USD
MARTIN CECIL E JR
Director
+ 20000
8.87 USD
10 years ago
Nov 11, 2014
Bought 56 K USD
SLEDGE DAVID W
Director
+ 5000
11.1913 USD
10 years ago
Nov 10, 2014
Bought 45.4 K USD
Singer Richard Darius
VP of Financial Reporting
+ 4000
11.34 USD
10 years ago
Nov 10, 2014
Bought 45.4 K USD
Singer Richard Darius
VP of Financial Reporting
+ 4000
11.34 USD
10 years ago
Nov 07, 2014
Bought 113 K USD
PRESLEY DANIEL K
VP of Accounting
+ 10000
11.3397 USD
10 years ago
Nov 07, 2014
Bought 40 K USD
Davis Elizabeth B
Director
+ 3640
10.9952 USD
10 years ago
Nov 07, 2014
Bought 45 K USD
BURNS ROLAND O
President & CFO
+ 4000
11.259 USD
10 years ago
Nov 07, 2014
Bought 45 K USD
BURNS ROLAND O
President & CFO
+ 4000
11.259 USD
10 years ago
Nov 07, 2014
Bought 111 K USD
ALLISON M JAY
Chairman & CEO
+ 10000
11.142 USD
10 years ago
Aug 28, 2014
Sell 60.7 K USD
Romoser Russell W
VP of Reservoir Engineering
- 2500
24.287 USD
10 years ago
Aug 11, 2014
Bought 6.36 K USD
BURNS ROLAND O
President & CFO
+ 250
25.449 USD
10 years ago
May 29, 2014
Sell 624 K USD
Williams Mark A
Chief Operating Officer
- 22320
27.9661 USD
7. News
This Is Why Natural Gas Stocks Have Been Surging Lately Natural gas names like CRK, AR, EQT and RRC are having a strong month, helped by the commodity's upward march. zacks.com - 4 days ago
Winter to Be Colder: RRC, AR, CRK Stocks to Gain From Gas Demand? Higher prices of natural gas are highly beneficial for companies like Range Resources Corporation, Antero Resources Corporation and Comstock Resources Inc. zacks.com - 4 days ago
Comstock Resources Continues To Burn Cash Comstock reported negative $52 million in Q3 2024 FCF, bringing its YTD FCF to negative $308 million. It has made improvements with Western Haynesville D&C costs, but I believe it still requires a further 15% to 20% reduction to be competitive with legacy Haynesville wells. Comstock's 2024 production results are trending to be a bit lower than its guidance midpoint. seekingalpha.com - 2 weeks ago
Comstock Resources, Inc. (CRK) Q3 2024 Earnings Call Transcript Comstock Resources, Inc. (NYSE:CRK ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Jay Allison - Chairman and CEO Roland Burns - President and CFO Daniel Harrison - COO Ronald Mills - VP of Finance and IR Conference Call Participants Carlos Escalante - Wolfe Research Charles Meade - Johnson Rice Jacob Roberts - TPH & Co Noel Parks - Tuohy Brothers Investment Research Bertrand Donnes - Truist Geoff Jay - Daniel Energy Partners Paul Diamond - Citi Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Comstock Resources Earnings Call. seekingalpha.com - 2 weeks ago
Comstock Resources (CRK) Reports Q3 Loss, Lags Revenue Estimates Comstock Resources (CRK) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to earnings of $0.04 per share a year ago. zacks.com - 2 weeks ago
COMSTOCK RESOURCES, INC. REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS FRISCO, TX, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2024. globenewswire.com - 2 weeks ago
Analysts Estimate Comstock Resources (CRK) to Report a Decline in Earnings: What to Look Out for Comstock (CRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 3 weeks ago
Natural Gas Climbs for 5th Week: How to Play the Commodity? Investors would be wise to focus on resilient stocks such as AR and CTRA. Meanwhile, it may be prudent to avoid more speculative options like CRK. zacks.com - 1 month ago
Comstock Resources: A Speculative Play On The Western Haynesville Comstock Resources, Inc., an E&P company focused on natural gas in the Haynesville and Bossier shales, faces challenges due to weak natural gas prices. Despite operational efficiency and cost management in its legacy Haynesville assets, Comstock's financials suffered in Q2 2024, with lower realized sales prices and reduced capital expenditures. Comstock's high debt load and inadequate hedging strategy in early 2024 pose risks, but a shift to more aggressive hedging aims to mitigate future price downturns. seekingalpha.com - 2 months ago
NFL Team Owner Boosts a Stake, and Other Notable Insider Buying 24/7 Wall St. Insights An NFL team owner continues to boost a stake in an energy stock. 247wallst.com - 2 months ago
Over $34M Bet On Comstock Resources? Check Out These 3 Stocks Executives Are Buying Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. benzinga.com - 2 months ago
Insider Buying in These 4 Energy Stocks Surges 24/7 Wall St. Insights There were notable insider purchases in a handful of energy companies last week, as well as at a leading fintech firm and a casino operator. 247wallst.com - 3 months ago
8. Profile Summary

Comstock Resources, Inc. CRK

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COUNTRY US
INDUSTRY Oil & Gas Exploration & Production
MARKET CAP $ 3.91 B
Dividend Yield 0.00%
Description Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves. It also owns interests in 2,557 producing oil and natural gas wells. The company was incorporated in 1919 and is headquartered in Frisco, Texas.
Contact Comstock Tower, Frisco, TX, 75034 https://www.comstockresources.com
IPO Date Aug. 28, 1987
Employees 251
Officers Mr. Ronald Eugene Mills Vice President of Finance & Investor Relations Mr. Daniel S. Harrison Chief Operating Officer Mr. Clifford Doyle Newell III Vice President of Corporate Development & Chief Commercial Officer Mr. Daniel K. Presley Vice President of Accounting, Controller & Treasurer Mr. Patrick H. Mcgough Vice President of Operations