Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration for, development, and production of oil and natural gas primarily in Texas, Louisiana, and North Dakota. As of December 31, 2020, the company had 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent of proved reserves. It also owns interests in 2,864 producing oil and natural gas wells. Comstock Resources, Inc. was founded in 1983 and is headquartered in Frisco, Texas.
IPO Year:
Exchange: NYSE
Website: comstockresources.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/10/2025 | $18.00 | Equal-Weight | Morgan Stanley |
12/16/2024 | $10.00 → $18.00 | Underperform → Neutral | Mizuho |
10/28/2024 | $14.00 | Buy | BofA Securities |
10/15/2024 | $9.00 | Hold → Sell | Siebert Williams Shank |
8/15/2024 | $8.00 → $5.00 | Neutral → Underweight | Piper Sandler |
7/18/2024 | Peer Perform | Wolfe Research | |
5/15/2024 | Overweight → Equal Weight | CapitalOne | |
1/9/2024 | Underperform → Neutral | Pickering Energy Partners | |
1/3/2024 | Neutral → Underperform | Mizuho | |
12/19/2023 | $10.00 | Hold | Siebert Williams Shank |
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FRISCO, TX, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its fourth quarter 2024 results on February 18, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 19, 2025 to discuss the fourth quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI6e0b4d6ba76e49049b0b8093ff4a87a6. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to
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. Highlights of 2024's Third Quarter Weak natural gas prices continued to weigh heavily on the third quarter financial results.Natural gas and oil sales, including realized hedging gains, were $305 million.Operating cash flow was $152 million or $0.52 per diluted share.Adjusted EBITDAX for the quarter was $202 million.Adjusted net loss was $48.5 million or $0.17 per share for the quarter.Lower completion activity was planned for the quarter, resulting in eight (5.4 net) operated wells being t
FRISCO, TX, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its third quarter 2024 results on October 30, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on October 31, 2024 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI25940ff3de024e45b06512519e9e6a64. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ens
FRISCO, TX, July 30, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended June 30, 2024. Highlights of 2024's Second Quarter Very weak natural gas prices weighed heavily on the second quarter financial results.Natural gas and oil sales, including realized hedging gains, were $278 million.Operating cash flow was $118 million or $0.41 per diluted share.Adjusted EBITDAX for the quarter was $167 million.Adjusted net loss was $58.2 million or $0.20 per share for the quarter.Enhanced liquidity with $400 million, 6.75% senior notes issuance.Steady results from the Haynesville shale drillin
FRISCO, TX, June 24, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its second quarter 2024 results on July 30, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on July 31, 2024 to discuss the second quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI3dd152694a074bc28172df7314b38fa6. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a
FRISCO, TX, May 01, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended March 31, 2024. Highlights of 2024's First Quarter Continued weak natural gas prices weighed heavily on the first quarter results.Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $182 million or $0.65 per diluted share.Adjusted EBITDAX for the quarter was $230 million.Adjusted net loss was $8.5 million for the quarter.Added $100.5 million of liquidity with a private placement equity offering to majority stockholder.Solid results from the Haynesville shale dr
FRISCO, TX, April 05, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release first quarter 2024 results on May 1, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 2, 2024 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI8bd2e2b2cbc74630942006e39bfd6cb5. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely c
FRISCO, TX, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter and year ended December 31, 2023. Highlights of 2023's Fourth Quarter Continued weak natural gas prices weighed heavily on the fourth quarter results.Natural gas and oil sales, including realized hedging gains, were $354 million.Adjusted EBITDAX for the quarter was $244 million.Operating cash flow was $207 million or $0.75 per share.Solid results from the Haynesville shale drilling program with 22 (16.5 net) operated wells turned to sales since the Company's last update with an average initial production rate of
FRISCO, TX, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release fourth quarter 2023 results on February 13, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 14, 2024 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI9aed23e8af74454f89bd226e82af31c9. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensur
FRISCO, TX, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended September 30, 2023. Highlights of 2023's Third Quarter Continued weak natural gas prices weighed heavily on the third quarter results.Natural gas and oil sales, including realized hedging gains, were $316 million.Operating cash flow was $167 million or $0.60 per diluted share.Adjusted EBITDAX for the quarter was $209 million.Adjusted net income was $11.7 million for the quarter.Solid results from the Haynesville shale drilling program with 21 (18.1 net) operated wells turned to sales since the Company's last u
FRISCO, TX, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its fourth quarter 2024 results on February 18, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 19, 2025 to discuss the fourth quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI6e0b4d6ba76e49049b0b8093ff4a87a6. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to
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. Highlights of 2024's Third Quarter Weak natural gas prices continued to weigh heavily on the third quarter financial results.Natural gas and oil sales, including realized hedging gains, were $305 million.Operating cash flow was $152 million or $0.52 per diluted share.Adjusted EBITDAX for the quarter was $202 million.Adjusted net loss was $48.5 million or $0.17 per share for the quarter.Lower completion activity was planned for the quarter, resulting in eight (5.4 net) operated wells being t
FRISCO, TX, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its third quarter 2024 results on October 30, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on October 31, 2024 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI25940ff3de024e45b06512519e9e6a64. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ens
WhiteHawk closes acquisition of additional Marcellus Shale natural gas mineral and royalty assets adding interests in approximately 435,000 gross unit acres Acquisition expands WhiteHawk's natural gas mineral and royalty ownership into West Virginia, adding Antero Resources as a key operator Acquisition generates cash flow from over 1,200 wells, more than 600 of which are new to WhiteHawk's ownership interest WhiteHawk now owns natural gas mineral and royalty interests across approximately 1,050,000 gross unit acres in the core of the Marcellus and Haynesville Shales with interests in over 3,400 producing wells WhiteHawk Energy, LLC ("WhiteHawk" or the "Company") announced today th
FRISCO, TX, July 30, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended June 30, 2024. Highlights of 2024's Second Quarter Very weak natural gas prices weighed heavily on the second quarter financial results.Natural gas and oil sales, including realized hedging gains, were $278 million.Operating cash flow was $118 million or $0.41 per diluted share.Adjusted EBITDAX for the quarter was $167 million.Adjusted net loss was $58.2 million or $0.20 per share for the quarter.Enhanced liquidity with $400 million, 6.75% senior notes issuance.Steady results from the Haynesville shale drillin
FRISCO, TX, June 24, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its second quarter 2024 results on July 30, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on July 31, 2024 to discuss the second quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI3dd152694a074bc28172df7314b38fa6. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a
FRISCO, TX, May 01, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended March 31, 2024. Highlights of 2024's First Quarter Continued weak natural gas prices weighed heavily on the first quarter results.Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $182 million or $0.65 per diluted share.Adjusted EBITDAX for the quarter was $230 million.Adjusted net loss was $8.5 million for the quarter.Added $100.5 million of liquidity with a private placement equity offering to majority stockholder.Solid results from the Haynesville shale dr
FRISCO, TX, April 05, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release first quarter 2024 results on May 1, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 2, 2024 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI8bd2e2b2cbc74630942006e39bfd6cb5. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely c
FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) ("Comstock" or the "Company") announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the "Notes"). The Notes will be issued at 93% of par. The offering is expected to close on April 9, 2024, subject to customary closing conditions. The aggregate net proceeds from the sale of the Notes are expected to be approximately $365.0 million, after deducting the initial purchasers' discounts and other offering expenses. The Company intends to use such proceeds to repay
FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced today that, subject to market conditions, it intends to offer $375.0 million principal amount of its 6.75% senior notes due in 2029 (the "New Notes") in a private placement to eligible purchasers. The New Notes are a mirror issue to the Company's existing 6.75% senior notes due 2029 (the "Original Notes"), of which $1,223.9 million aggregate principal amount is currently outstanding. The New Notes will have substantially identical terms as the Original Notes; however, the New Notes will be issued under a separate indenture and have a different CUSIP number from the Or
Morgan Stanley initiated coverage of Comstock with a rating of Equal-Weight and set a new price target of $18.00
Mizuho upgraded Comstock from Underperform to Neutral and set a new price target of $18.00 from $10.00 previously
BofA Securities initiated coverage of Comstock with a rating of Buy and set a new price target of $14.00
Siebert Williams Shank downgraded Comstock from Hold to Sell and set a new price target of $9.00
Piper Sandler downgraded Comstock from Neutral to Underweight and set a new price target of $5.00 from $8.00 previously
Wolfe Research initiated coverage of Comstock with a rating of Peer Perform
CapitalOne downgraded Comstock from Overweight to Equal Weight
Pickering Energy Partners upgraded Comstock from Underperform to Neutral
Mizuho downgraded Comstock from Neutral to Underperform
Siebert Williams Shank initiated coverage of Comstock with a rating of Hold and set a new price target of $10.00
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