Comstock Resources, Inc.

Equities

CRK

US2057683029

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			5-day change	1st Jan Change
10.8 ^USD	+1.41%		+6.40%	+22.03%

13/05	Mizuho Adjusts Price Target on Comstock Resources to $11 From $10, Maintains Underperform Rating	MT
02/05	Transcript : Comstock Resources, Inc., Q1 2024 Earnings Call, May 02, 2024

Comstock Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 02, 2024 at 01:51 am IST

Comstock Resources, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 335.77 million compared to USD 489.58 million a year ago. Net loss was USD 16.32 million compared to net income of USD 134.5 million a year ago.

Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.49 a year ago.

Latest news about Comstock Resources, Inc.

Mizuho Adjusts Price Target on Comstock Resources to $11 From $10, Maintains Underperform Rating	13/05	MT
Transcript : Comstock Resources, Inc., Q1 2024 Earnings Call, May 02, 2024	02/05
Earnings Flash (CRK) COMSTOCK RESOURCES Reports Q1 Revenue $335.8M, vs. Street Est of $330.8M	02/05	MT
Comstock Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	02/05	CI
Stifel Adjusts Price Target on Comstock Resources to $13.50 From $14, Maintains Buy Rating	23/04	MT
Mizuho Adjusts Price Target on Comstock Resources to $10 From $9, Maintains Underperform Rating	15/04	MT
US natgas producers cut spending, output to cope with low prices	10/04	RE
Comstock Resources, Inc. Issues $400.0 Million Aggregate Principal Amount of its 6.75% Senior Notes Due 2029 in A Private Placement Offering	10/04	CI
Sector Update: Energy Stocks Gain Pre-Bell Wednesday	03/04	MT
Sector Update: Energy	03/04	MT
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday as Bets Lean Towards Smaller Rate Cuts	03/04	MT
Comstock Resources Prices $400 million of 6.75% Notes Due 2029	03/04	MT
Goldman Sachs Raises Comstock Resources' Price Target to $9 From $8, Keeps Sell Rating	02/04	MT
Comstock Resources Plans to Offer $375 Million of 6.75% Notes Due 2029	02/04	MT
Comstock Resources, Inc. Announces Private Offering of 6.75% Senior Notes Due in 2029	02/04	CI
Comstock Resources, Inc. announced that it has received $100.45 million in funding	25/03	CI
Comstock Resources, Inc. announced that it expects to receive $100.45 million in funding	20/03	CI
Mizuho Securities Trims Price Target on Comstock Resources to $9 From $10, Maintains Underperform Rating	15/03	MT
US natgas producers cut spending, output to cope with low prices	12/03	RE
Piper Sandler Trims Price Target on Comstock Resources to $8 From $9, Maintains Neutral Rating	07/03	MT
US natgas producers cut spending, output to cope with low prices	05/03	RE
US natgas producers cut spending, output to cope with low prices	04/03	RE
US oilfield job losses could swell as natural gas prices plunge	22/02	RE
Chesapeake says natgas market oversupplied, plans to cut output, spending	21/02	RE
US natgas prices soar 10% from 3-1/2-year low as Chesapeake cuts output	21/02	RE

Chart Comstock Resources, Inc.

Duration

Period

More charts

Company Profile

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 North American oil and natural gas segment. The Company 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 markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.

Sector

Oil & Gas Exploration and Production

Calendar

29/07/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Comstock Resources, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

10.8 USD

Average target price

10.12 USD

Spread / Average Target

-6.25%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
COMSTOCK RESOURCES, INC.	+22.03%	3.16B
CHEVRON CORPORATION	+9.06%	300B
CONOCOPHILLIPS	+4.86%	142B
CNOOC LIMITED	+48.92%	122B
CANADIAN NATURAL RESOURCES LIMITED	+20.84%	82.35B
EOG RESOURCES, INC.	+7.43%	74.68B
OCCIDENTAL PETROLEUM CORPORATION	+6.20%	56.22B
HESS CORPORATION	+9.68%	48.55B
WOODSIDE ENERGY GROUP LTD	-11.43%	34.92B
DIAMONDBACK ENERGY, INC.	+27.46%	35.25B

Other Oil & Gas Exploration and Production