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Comstock Resources Inc Stock Research

CRK

12.35USD+0.03(+0.24%)Market Closed

Market Summary

USD12.35+0.03
Market Closed
0.24%

CRK Alerts

CRK Stock Price

CRK RSI Chart

CRK Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

2.94

Price/Sales (Trailing)

0.87

EV/EBITDA

1.51

Price/Free Cashflow

2

CRK Price/Sales (Trailing)

CRK Profitability

EBT Margin

37.59%

Return on Equity

60.61%

Return on Assets

17.58%

Free Cashflow Yield

50.05%

CRK Fundamentals

CRK Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

132.8%

Revenue Q/Q

25.76%

CRK Earnings

Earnings (TTM)

981.5M

Earnings Y/Y

223.34%

Earnings Q/Q

-5.65%

Price Action

52 Week Range

7.1622.11
(Low)(High)

Last 7 days

-2.5%

Last 30 days

-8.0%

Last 90 days

-30.8%

Trailing 12 Months

68.3%

CRK Financial Health

Current Ratio

0.65

CRK Investor Care

Dividend Yield

16.91%

Shares Dilution (1Y)

0.87%

Diluted EPS (TTM)

3.68

Peers (Alternatives to Comstock Resources)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.5B
25.0B
5.70% 29.51%
10.51
3.14
60.81% 147.54%
60.4B
36.8B
7.18% 80.08%
4.68
1.64
69.86% 4049.24%
56.0B
24.8B
4.46% 14.49%
7.86
2.26
81.23% 409.80%
49.8B
19.7B
7.19% 30.39%
9.45
2.71
81.04% 424.48%
26.5B
9.6B
12.26% 25.20%
5.96
2.75
73.79% 865.29%
14.4B
12.1B
1.22% 40.52%
4.67
1.31
76.89% 430.32%
12.8B
14.1B
3.55% 36.78%
3.47
0.91
56.06% 733.33%
MID-CAP
7.9B
3.1B
21.66% 52.85%
6.56
2.6
96.12% 296.97%
6.1B
5.4B
2.60% 37.67%
4.81
1.12
90.74% 385.71%
4.4B
3.2B
-33.88% 7.97%
4.99
1.94
192.30% 81.27%
3.7B
2.3B
35.56% 87.53%
8.42
1.6
105.29% 360.71%
2.9B
3.3B
-8.04% 68.26%
2.94
0.87
125.59% 288.67%
2.7B
2.6B
25.24% -11.71%
2.18
1.01
60.18% 387.51%
SMALL-CAP
1.6B
6.8B
23.68% 101.62%
5.68
0.24
64.72% 229.94%
812.8M
2.0B
-8.19% -35.44%
1.11
0.4
82.29% 407.57%

Financials for Comstock Resources

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue25.7%3,3162,6382,0351,8511,470
Operating Expenses19.2%1,2611,057957950765
  S&GA Expenses5.8%3836353530
EBITDA60.7%1,8921,177459458-
EBITDA Margin27.8%0.57*0.45*0.23*0.25*-
Earnings Before Taxes138.0%1,247524-209.28-230.32-557.40
EBT Margin89.2%0.38*0.20*-0.10*-0.12*-
Interest Expenses-4.5%180189201218237
Net Income190.8%981338-219.02-241.72-520.20
Net Income Margin131.2%0.30*0.13*-0.11*-0.13*-
Free Cahsflow392.4%1,445293213170-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets5.6%5,5845,2884,7504,6684,887
  Current Assets33.5%709531268319310
    Cash Equivalents19.8%3932123128
  Net PPE2.9%4,4404,3134,1294,0074,234
  Goodwill0%336336336336336
Liabilities-1.4%3,7903,8423,6763,4804,057
  Current Liabilities13.2%1,0929659386341,063
    LT Debt, Non Current-9.9%2,2622,5102,5342,6152,801
Shareholder's Equity27.4%1,6191,2718991,013655
  Retained Earnings665.8%40453-319.78-204.04-560.03
  Additional Paid-In Capital-0.3%1,0991,1021,1021,1001,099
Accumulated Depreciation10.0%1,4121,2831,1641,0581,261
Shares Outstanding0.3%234233233233232
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations24.6%1,4451,159950859804
  Share Based Compensation0.6%66777
Cashflow From Investing-11.5%-811.26-727.61-598.50-550.82-686.64
Cashflow From Financing-48.6%-622.87-419.20-416.57-307.80-118.08

Risks for CRK

What is the probability of a big loss on CRK?

100%


Probability that Comstock Resources stock will be more than 20% underwater in next one year

82.7%


Probability that Comstock Resources stock will be more than 30% underwater in next one year.

72.7%


Probability that Comstock Resources stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CRK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Comstock Resources was unfortunately bought at previous high price.

Drawdowns

Returns for CRK

Cumulative Returns on CRK

-15.9%


10-Year Cumulative Returns

5.1%


7-Year Cumulative Returns

3.3%


5-Year Cumulative Returns

28.3%


3-Year Cumulative Returns

What are the long-term rolling returns for CRK?

FIve years rolling returns for Comstock Resources.

Annualized Returns

Which funds bought or sold CRK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
OUTFITTER FINANCIAL LLC
unchanged
-
-182,000
699,000
0.63%
2023-01-26
STRS OHIO
unchanged
-
-150,000
574,000
-%
2023-01-26
CALAMOS ADVISORS LLC
sold off
-100
-884,000
-
-%
2023-01-26
Empowered Funds, LLC
added
47.02
577,000
4,061,000
0.26%
2023-01-26
DUPONT CAPITAL MANAGEMENT CORP
reduced
-9.68
-77,713
197,287
0.01%
2023-01-26
Symphony Financial, Ltd. Co.
reduced
-0.11
-93,041
335,959
0.09%
2023-01-25
Lindbrook Capital, LLC
sold off
-100
-1,000
-
-%
2023-01-25
FIFTH THIRD BANCORP
unchanged
-
-258
2,742
-%
2023-01-25
SFMG, LLC
unchanged
-
-89,800
274,200
0.03%
2023-01-24
Fractal Investments LLC
unchanged
-
-93,169
357,831
0.09%

1–10 of 47

Latest Funds Activity

Are funds buying CRK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CRK
No. of Funds

Comstock Resources News

Stocks Register

Comstock Resources Inc. (CRK): When Right, Sit Tight.

Stocks Register,
36 hours ago

Seeking Alpha

Yahoo Finance

Schedule 13G FIlings of Comstock Resources

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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

CRK Fair Value

Comstock Resources fair value in different scenarios

The table shows the Fair Value estimates for Comstock Resources for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

10.71

-13.28%

31.10

151.82%

74.05

499.60%

154.51

1151.09%

241.20

1853.04%

Current Inflation

9.98

-19.19%

28.00

126.72%

64.90

425.51%

133.87

983.97%

207.51

1580.24%

Very High Inflation

9.06

-26.64%

24.24

96.28%

54.14

338.38%

109.82

789.23%

168.52

1264.53%

Historical Comstock Resources Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Comstock Resources

View All Filings
Date Filed Form Type Document
Jan 17, 2023
4
Insider Trading
Jan 03, 2023
4
Insider Trading
Dec 29, 2022
4
Insider Trading
Dec 23, 2022
4
Insider Trading
Dec 12, 2022
3/A
Insider Trading
Dec 12, 2022
4
Insider Trading
Dec 05, 2022
3
Insider Trading
Nov 30, 2022
8-K
Current Report
Nov 28, 2022
8-K
Current Report
Nov 16, 2022
8-K
Current Report

Latest Insider Trading transactions for CRK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-16
Kanaman Lori Ann Arendt
back to issuer
-
-
-6,922
vp of marketing
2022-12-27
BURNS ROLAND O
gifted
-96,129
14.565
-6,600
president & cfo
2022-12-22
TURNER JIM L
bought
208,690
13.9127
15,000
-
2022-12-09
FOSTER MORRIS E
bought
200,978
14.33
14,025
-
2022-09-23
FOSTER MORRIS E
bought
160,600
16.06
10,000
-
2022-09-22
FOSTER MORRIS E
bought
145,440
18.18
8,000
-
2022-09-16
FOSTER MORRIS E
bought
254,240
18.16
14,000
-
2022-09-16
ALLISON M JAY
bought
975,000
19.5
50,000
chairman & ceo
2022-09-09
Kanaman Lori Ann Arendt
acquired
-
-
6,922
vp of marketing
2022-09-09
BURNS ROLAND O
acquired
-
-
147,786
president & cfo

1–10 of 50

M. Jay Allison
200
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.

CRK Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Total oil and gas sales$ 1,190,005$ 511,176$ 2,705,673$ 1,195,354
Operating expenses:    
Production and ad valorem taxes24,53116,67560,08036,468
Gathering and transportation44,74035,402113,79796,596
Lease operating28,60826,57679,87377,150
Exploration003,3630
Depreciation, depletion and amortization129,065128,739354,994359,313
Gas services181,8180305,2710
General and administrative10,1658,05227,45123,952
Gain on sale of assets0(14)(21)(93)
Total operating expenses418,927215,430944,808593,386
Operating income771,078295,7461,760,865601,968
Other income (expenses):    
Loss from derivative financial instruments(271,335)(510,319)(781,654)(756,026)
Other income561975061,008
Interest expense(41,393)(49,954)(132,204)(170,645)
Loss on early retirement of debt00(46,840)(352,599)
Total other expenses(312,672)(560,076)(960,192)(1,278,262)
Income (loss) before income taxes458,406(264,330)800,673(676,294)
(Provision for) benefit from income taxes(102,810)(23,976)(179,610)74,168
Net income (loss)355,596(288,306)621,063(602,126)
Preferred stock dividends(4,411)(4,411)(13,089)(13,089)
Net income (loss) available to common stockholders$ 351,185$ (292,717)$ 607,974$ (615,215)
Net income (loss) per share:    
Basic (in dollars per share)$ 1.50$ (1.26)$ 2.61$ (2.66)
Diluted (in dollars per share)$ 1.28$ (1.26)$ 2.24$ (2.66)
Weighted average shares outstanding:    
Basic (in shares)232,482231,747232,170231,519
Diluted (in shares)277,715231,747277,605231,519
Total oil and gas sales    
Revenues:    
Total oil and gas sales$ 996,915$ 511,176$ 2,383,098$ 1,195,354
Natural gas sales    
Revenues:    
Total oil and gas sales994,979488,3032,376,7741,133,783
Oil sales    
Revenues:    
Total oil and gas sales1,93622,8736,32461,571
Gas services    
Revenues:    
Total oil and gas sales$ 193,090$ 0$ 322,575$ 0

CRK Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 38,648$ 30,663
Accounts receivable:  
Oil and gas sales548,979217,149
Joint interest operations57,60129,755
From affiliates20,75820,834
Derivative financial instruments2,3685,258
Other current assets40,47015,077
Total current assets708,824318,736
Oil and natural gas properties, successful efforts method:  
Proved5,520,4254,756,394
Unproved306,095302,129
Other25,2956,690
Accumulated depreciation, depletion and amortization(1,411,793)(1,058,067)
Net property and equipment4,440,0224,007,146
Goodwill335,897335,897
Operating lease right-of-use assets99,6226,450
Total assets5,584,3654,668,229
LIABILITIES AND STOCKHOLDERS' EQUITY  
Accounts payable617,463314,569
Accrued costs150,327135,026
Operating leases38,0242,444
Derivative financial instruments285,713181,945
Total current liabilities1,091,527633,984
Long-term debt2,261,6972,615,235
Deferred income taxes345,806197,417
Derivative financial instruments04,042
Long-term operating leases61,6764,075
Reserve for future abandonment costs29,23525,673
Other non-current liabilities824
Total liabilities3,789,9493,480,450
Commitments and contingencies
Mezzanine equity:  
Series B Convertible Preferred stock — 5,000,000 shares authorized, 175,000 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively175,000175,000
Stockholders' equity:  
Common stock—$0.50 par, 400,000,000 shares authorized, 233,757,678 and 232,924,646 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively116,879116,462
Additional paid-in capital1,098,6051,100,359
Accumulated earnings (deficit)403,932(204,042)
Total stockholders' equity1,619,4161,012,779
Total liabilities and stockholders' equity$ 5,584,365$ 4,668,229