CRK - Comstock Resources Inc Stock Price, Fair Value and News

9.84USD+0.11 (+1.13%)Delayed as of 23 Apr 2024, 10:52 am ET

Market Summary

USD9.84+0.11

Delayedas of 23 Apr 2024, 10:52 am

1.13%

CRK Alerts

1 major insider buys recently.

CRK Stock Price

View Fullscreen

CRK RSI Chart

CRK Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

12.85

Price/Sales (Trailing)

1.73

EV/EBITDA

5.21

Price/Free Cashflow

-6.64

CRK Price/Sales (Trailing)

CRK Profitability

EBT Margin

15.78%

Return on Equity

8.95%

Return on Assets

3.38%

Free Cashflow Yield

-15.05%

CRK Fundamentals

CRK Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

-56.54%

Rev. Growth (Qtr)

8.98%

CRK Earnings

Earnings (TTM)

211.1M

Earnings Growth (Yr)

-78.64%

Earnings Growth (Qtr)

630.98%

Breaking Down CRK Revenue

52 Week Range

9.0713.36

(Low)(High)

Last 7 days

5.0%

Last 30 days

16.0%

Last 90 days

21.5%

Trailing 12 Months

-10.8%

How does CRK drawdown profile look like?

CRK Financial Health

Current Ratio

0.68

Debt/Equity

1.12

Debt/Cashflow

0.39

CRK Investor Care

Dividend Yield

5.13%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

0.33%

Diluted EPS (TTM)

0.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.6B	2.9B	2.1B	1.6B
2022	2.0B	2.6B	3.3B	3.6B
2021	972.8M	1.1B	1.5B	1.9B
2020	867.7M	919.1M	872.7M	858.2M
2019	455.7M	478.6M	632.9M	768.7M
2018	274.1M	274.1M	312.5M	390.3M
2017	193.3M	214.1M	230.6M	255.3M
2016	222.1M	185.5M	174.4M	175.7M
2015	479.8M	401.4M	317.8M	252.4M
2014	467.2M	515.0M	548.4M	555.2M
2013	407.1M	404.4M	418.8M	420.3M
2012	456.8M	455.0M	432.8M	422.6M
2011	331.1M	352.9M	392.6M	434.4M
2010	330.3M	356.1M	368.4M	349.1M
2009	0	491.1M	391.8M	292.6M
2008	0	0	0	590.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Comstock Resources Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 25, 2024	blue star exploration corp	bought	100,450,000	8.036	12,500,000	-
Feb 19, 2024	sanders larae lynn	acquired	-	-	22,280	vice president of land
Feb 19, 2024	harrison daniel s	acquired	-	-	90,105	chief operating officer
Feb 19, 2024	claunch brian christopher	acquired	-	-	18,021	vp of financial reporting
Feb 19, 2024	presley daniel k	acquired	-	-	21,298	vp of accounting
Feb 19, 2024	mills ronald eugene	acquired	-	-	18,349	vp of finance. and ir
Feb 19, 2024	mcgough patrick	acquired	-	-	23,591	vice president of operations
Feb 19, 2024	burns roland o	acquired	-	-	237,564	president & cfo
Feb 19, 2024	allison m jay	acquired	-	-	463,220	chairman & ceo
Feb 19, 2024	newell clifford doyle iii	acquired	-	-	44,233	chief commercial officer

Which funds bought or sold CRK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	Kovack Advisors, Inc.	new	-	1,058,380	1,058,380	0.13%
Apr 19, 2024	Westside Investment Management, Inc.	added	50.00	10,260	27,960	0.01%
Apr 19, 2024	Cutler Group LLC / CA	reduced	-24.64	-2,000	6,000	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	9,647	309,211	0.01%
Apr 19, 2024	Red Tortoise LLC	unchanged	-	114	2,459	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.98	19,000	519,000	0.01%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	sold off	-100	-1,000	-	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	30.00	650	-%
Apr 18, 2024	SJS Investment Consulting Inc.	reduced	-72.34	-295	121	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	new	-	-	-	-%

Are Funds Buying or Selling CRK?

Are funds buying CRK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRK

No. of Funds

CRK Alerts

1 major insider buys recently.

Unveiling Comstock Resources Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 25, 2024	jones jerral w.	50.3%	146,950,577	SC 13D/A
Jan 31, 2024	blackrock inc.	5.4%	15,107,283	SC 13G
Jun 08, 2021	covey park holdings llc	4.3%	10,013,186	SC 13D/A
Aug 28, 2020	covey park holdings llc	8.2%	19,013,186	SC 13D/A
Aug 27, 2020	jones jerral w.	49.8%	137,521,827	SC 13D/A
May 22, 2020	covey park holdings llc	72.2%	167,404,429	SC 13D/A
Feb 13, 2020	oaktree capital management lp	0.0%	0	SC 13G/A

Recent SEC filings of Comstock Resources Inc

View All Filings

Date Filed	Form Type	Document
Apr 09, 2024	8-K	Current Report
Apr 02, 2024	8-K	Current Report
Apr 02, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	8-K	Current Report
Mar 25, 2024	SC 13D/A	13D - Major Acquisition
Mar 21, 2024	8-K	Current Report
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

Peers (Alternatives to Comstock Resources Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	478.4B	344.6B	6.25%	3.94%	13.29	1.39	-16.70%	-35.40%
CVX	300.9B	200.9B	4.74%	-4.22%	14.08	1.5	-18.40%	-39.75%
OXY	58.9B	28.9B	4.97%	8.26%	12.54	2.04	-22.04%	-64.70%
MRO	16.0B	6.6B	1.99%	14.74%	10.27	2.4	-17.41%	-56.98%
CHK	11.6B	8.7B	2.44%	9.36%	4.78	1.33	-25.73%	-50.99%
MID-CAP
RRC	8.7B	2.7B	8.85%	41.76%	10.04	3.19	-43.74%	-26.38%
HP	4.1B	2.8B	-0.02%	14.67%	9.44	1.44	19.47%	177.97%
CNX	3.7B	3.4B	6.07%	54.59%	2.13	1.06	172.35%	1311.12%
KOS	2.8B	1.7B	1.20%	-14.91%	12.98	1.63	-26.01%	-5.75%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	296.0M	307.6M	19.05%	8.38%	0.75	0.96	-32.91%	578.62%
AMTX	154.2M	186.7M	-35.01%	67.59%	-3.32	0.83	-27.21%	56.92%
BATL	87.2M	220.8M	-6.84%	-23.60%	-28.62	0.4	-38.52%	-116.44%
AE	74.5M	2.7B	16.25%	-20.48%	351.22	0.03	-18.46%	-93.92%
BRN	29.3M	23.9M	22.78%	7.38%	-10.79	1.22	-21.86%	-149.09%

Comstock Resources Inc News

Latest updates

Comstock Resources Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	9.0%	411	377	288	490	945	1,190	946	525	655	511	344	340	275	178	180	226	289	224	128	127	153
Operating Expenses	9.2%	360	329	305	344	422	419	297	188	357	215	197	181	172	166	176	182	188	148	84.00	74.00	72.00
S&GA Expenses	-37.4%	6.00	10.00	10.00	12.00	12.00	10.00	9.00	8.00	11.00	8.00	8.00	8.00	6.00	9.00	8.00	9.00	6.00	8.00	7.00	8.00	8.00
EBITDA Margin	-5.3%	0.65*	0.69*	0.64*	0.67*	0.57*	0.57*	0.45*	0.23*	0.25*	0.10*	0.19*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	9.9%	48.00	44.00	39.00	38.00	39.00	41.00	44.00	46.00	48.00	50.00	57.00	64.00	66.00	64.00	52.00	53.00	54.00	51.00	29.00	28.00	29.00
Income Taxes	72.3%	6.00	4.00	-14.45	40.00	81.00	103	108	-31.62	86.00	24.00	-68.18	-29.97	37.00	-46.12	-11.44	11.00	13.00	4.00	7.00	4.00	15.00
Earnings Before Taxes	525.2%	115	18.00	-60.15	174	601	458	485	-143	446	-264	-247	-164	119	-172	-61.32	53.00	68.00	11.00	29.00	18.00	65.00
EBT Margin	-54.8%	0.16*	0.35*	0.40*	0.48*	0.39*	0.38*	0.20*	-0.10*	-0.12*	-0.38*	-0.41*	-	-	-	-	-	-	-	-	-	-
Net Income	631.0%	108	15.00	-45.71	135	504	356	377	-111	343	-288	-179	-134	82.00	-126	-49.88	42.00	55.00	7.00	21.00	14.00	50.00
Net Income Margin	-53.4%	0.13*	0.29*	0.33*	0.39*	0.32*	0.30*	0.13*	-0.11*	-0.13*	-0.35*	-0.32*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	68.0%	-73.97	-231	29.00	84.00	166	231	109	72.00	59.00	64.00	19.00	28.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.7%	6,254	6,031	5,837	5,701	5,694	5,584	5,288	4,750	4,668	4,887	4,764	4,735	4,624	4,503	4,533	4,644	4,657	4,552	2,283	2,222	2,188
Current Assets	41.0%	461	327	282	423	645	709	531	268	319	310	225	244	200	150	188	268	290	268	151	134	159
Cash Equivalents	-16.0%	17.00	20.00	10.00	34.00	55.00	39.00	32.00	12.00	31.00	28.00	20.00	77.00	30.00	28.00	12.00	16.00	19.00	53.00	47.00	29.00	23.00
Net PPE	3.2%	5,385	5,220	5,026	4,860	4,623	4,440	4,313	4,129	4,007	4,234	4,196	4,144	4,085	4,012	4,001	4,029	4,009	3,917	1,765	1,723	1,668
Goodwill	0%	336	336	336	336	336	336	336	336	336	336	336	336	336	336	336	336	336	336	350	350	336
Liabilities	3.3%	3,870	3,748	3,537	3,321	3,416	3,790	3,842	3,676	3,480	4,057	3,642	3,430	3,182	3,140	3,041	3,087	3,135	3,107	1,677	1,638	1,618
Current Liabilities	3.3%	681	660	762	628	756	1,092	965	938	634	1,063	656	434	442	381	291	328	392	389	229	198	207
Long Term Debt	5.5%	2,640	2,503	2,176	2,154	2,153	2,262	2,510	2,534	2,615	2,801	2,847	2,800	2,517	2,508	2,502	2,507	2,500	2,508	1,267	1,266	1,244
LT Debt, Non Current	5.5%	2,640	2,503	2,176	2,154	2,153	2,262	2,510	2,534	2,615	2,801	2,847	2,800	2,517	2,508	2,502	2,507	2,500	2,508	1,267	1,266	1,244
Shareholder's Equity	3.3%	2,358	2,283	2,300	2,380	2,278	1,619	1,271	899	1,013	655	947	1,130	1,267	1,188	1,318	1,174	1,143	1,070	606	584	570
Retained Earnings	8.2%	958	885	906	986	886	404	53.00	-319	-204	-560	-267	-83.26	55.00	-22.34	109	169	139	98.00	99.00	78.00	64.00
Additional Paid-In Capital	0.2%	1,261	1,258	1,255	1,255	1,253	1,099	1,102	1,102	1,100	1,099	1,098	1,097	1,095	1,094	1,093	911	909	880	454	453	453
Accumulated Depreciation	9.4%	2,148	1,962	1,815	1,679	1,545	1,412	1,283	1,164	1,058	1,261	1,132	1,011	902	798	700	597	486	375	295	248	211
Shares Outstanding	0%	278	278	278	278	278	232	232	232	232	232	231	-	-	-	-	-	-	-	-	-	-
Minority Interest	-	25.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,100	-	-	-	1,100	-	-	-	613	-	-	-	276	-	-	-	83.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	222.5%	228,207	70,765	331,510	386,364	468,332	533,522	410,916	285,618	242,387	232,970	192,311	193,272	185,746	123,864	115,972	150,119	168,431	109,780	98,311	74,715	98,693
Share Based Compensation	7.8%	2,861	2,655	2,305	2,046	1,692	1,842	1,581	1,495	1,508	1,802	1,799	1,690	1,730	1,752	1,552	1,430	1,661	1,088	623	648	665
Cashflow From Investing	-1.3%	-355,569	-351,045	-338,680	-372,507	-303,876	-267,845	-311,151	-214,811	-44,961	-169,222	-173,017	-165,551	-178,853	-98,471	-90,384	-143,490	-177,937	-823,600	-80,808	-88,494	-111,588
Cashflow From Financing	-57.2%	124,196	290,196	-16,588	-34,832	-148,452	-259,301	-79,630	-89,333	-194,604	-55,634	-77,002	19,442	-4,889	-8,720	-29,520	-9,634	-25,205	720,316	-80.00	19,910	4,308
Dividend Payments	0%	34,804	34,804	34,689	34,688	34,688	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

CRK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 1,565,109	$ 3,628,057	$ 1,850,730
Operating expenses:
Production and ad valorem taxes	91,803	77,917	49,141
Gathering and transportation	184,906	155,679	130,940
Lease operating	132,203	111,134	103,467
Depreciation, depletion and amortization	607,908	489,450	469,388
Gas services	282,050	465,044	0
General and administrative, net	37,992	39,405	34,943
Exploration	1,775	8,287	0
(Gain) loss on sale of assets	(125)	(340)	162,077
Total operating expenses	1,338,512	1,346,576	949,956
Operating income	226,597	2,281,481	900,774
Other income (expenses):
Gain (loss) from derivative financial instruments	187,639	(662,522)	(560,648)
Other income	1,771	916	636
Interest expense	(169,018)	(171,092)	(218,485)
Loss on early extinguishment of debt	0	(46,840)	(352,599)
Total other income (expenses)	20,392	(879,538)	(1,131,096)
Income (loss) before income taxes	246,989	1,401,943	(230,322)
Provision for income taxes	(35,095)	(261,061)	(11,403)
Net income (loss)	211,894	1,140,882	(241,725)
Preferred stock dividends and accretion	0	(16,014)	(17,500)
Net income (loss) available to common stockholders	211,894	1,124,868	(259,225)
Net income attributable to noncontrolling interest	(777)	0	0
Net income (loss)	$ 211,117	$ 1,124,868	$ (259,225)
Net income per share:
Basic (in dollars per share)	$ 0.76	$ 4.75	$ (1.12)
Diluted (in dollars per share)	$ 0.76	$ 4.11	$ (1.12)
Weighted average shares outstanding:
Basic (in shares)	276,806	236,045	231,633
Diluted (in shares)	276,806	277,465	231,633
Dividends per share	$ 0.50	$ 0.125	$ 0
Total natural gas and oil sales
Revenues:
Total revenues	$ 1,264,611	$ 3,124,691	$ 1,850,730
Natural gas sales
Revenues:
Total revenues	1,259,450	3,117,094	1,775,768
Oil sales
Revenues:
Total revenues	5,161	7,597	74,962
Gas services
Revenues:
Total revenues	$ 300,498	$ 503,366	$ 0

CRK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 16,669	$ 54,652
Accounts receivable:
Natural gas and oil sales and gas services	166,639	415,079
Joint interest operations	48,704	76,521
From affiliates	16,087	18,527
Derivative financial instruments	126,775	23,884
Other current assets	86,619	56,324
Total current assets	461,493	644,987
Natural gas and oil properties, successful efforts method:
Proved	7,126,519	5,843,409
Unproved	343,419	298,230
Other	62,382	26,475
Accumulated depreciation, depletion and amortization	(2,147,549)	(1,545,459)
Net property and equipment	5,384,771	4,622,655
Goodwill	335,897	335,897
Operating lease right-of-use assets	71,462	90,716
Total assets	6,253,623	5,694,255
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	523,260	530,195
Accrued expenses	134,466	183,111
Operating leases	23,765	38,411
Derivative financial instruments	0	4,420
Total current liabilities	681,491	756,137
Long-term debt	2,640,391	2,152,571
Deferred income taxes	470,035	425,734
Long-term operating leases	47,742	52,385
Reserve for future abandonment costs	30,773	29,114
Total liabilities	3,870,432	3,415,941
Commitments and contingencies
Stockholders' equity:
Common stock - $0.50 par, 400,000,000 shares authorized, 278,429,463 and 277,517,087 shares issued and outstanding at December 31, 2023 and 2022, respectively	139,214	138,759
Additional paid-in capital	1,260,930	1,253,417
Accumulated earnings	958,270	886,138
Total stockholders' equity attributable to Comstock	2,358,414	2,278,314
Noncontrolling interest	24,777	0
Total stockholders' equity	2,383,191	2,278,314
Total liabilities and stockholders' equity	$ 6,253,623	$ 5,694,255

About Comstock Resources Inc

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. The company was incorporated in 1919 and is based in Frisco, Texas.

CEO	Mr. Miles Jay Allison
WEBSITE	comstockresources.com
INDUSTRY	Oil - E&P
EMPLOYEES	244

Comstock Resources Inc Frequently Asked Questions

What is the ticker symbol for Comstock Resources Inc? What does CRK stand for in stocks?

CRK is the stock ticker symbol of Comstock Resources Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Comstock Resources Inc (CRK)?

As of Mon Apr 22 2024, market cap of Comstock Resources Inc is 2.71 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRK stock?

You can check CRK's fair value in chart for subscribers.

What is the fair value of CRK stock?

You can check CRK's fair value in chart for subscribers. The fair value of Comstock Resources Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Comstock Resources Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Comstock Resources Inc a good stock to buy?

The fair value guage provides a quick view whether CRK is over valued or under valued. Whether Comstock Resources Inc is cheap or expensive depends on the assumptions which impact Comstock Resources Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRK.

What is Comstock Resources Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, CRK's PE ratio (Price to Earnings) is 12.85 and Price to Sales (PS) ratio is 1.73. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Comstock Resources Inc's stock?

In the past 10 years, Comstock Resources Inc has provided -0.228 (multiply by 100 for percentage) rate of return.