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 |
|---|---|---|---|
| 4/22/2025 | $19.00 | Neutral | UBS |
| 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 |
BKV Corporation (NYSE:BKV) ("BKV" or the "Company"), today reported financial and operational results for the first quarter of 2025, including guidance for the second quarter of 2025. First Quarter and Subsequent Highlights Announced a joint venture agreement with Copenhagen Infrastructure Partners ("CIP") to partner on the development of carbon capture, utilization, and sequestration ("CCUS") projects Net loss of $78.7 million or $(0.93) per diluted share Adjusted Net Income of $35.0 million or $0.41 per diluted share Adjusted EBITDAX of $90.9 million Combined Adjusted EBITDAX of $100.7 million (includes implied proportionate share of Power JV Adjusted EBITDA of $9.8 million)
Expands WhiteHawk's Minerals and Royalties Position with Addition of PHX's ~1.8 Million Gross Unit Acres of Premier Natural Gas Mineral and Royalty Assets PHX Stockholders to Receive $4.35 in Cash Per Share, Reflecting a 21.8% Premium to PHX's Closing Share Price Yesterday WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, "WhiteHawk" or the "Company"), a natural gas mineral and royalty company, and PHX Minerals Inc. (NYSE:PHX) today announced they have entered into a definitive agreement under which WhiteHawk will acquire PHX in an all-cash transaction that values PHX at $4.35 per share, or total value of approximately $187 million, inclu
FRISCO, TX, May 02, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today announced a dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. M. Jay Allison, Chief Executive Officer of Comstock commented, "We are honored to become a Founding Member of NYSE Texas and show our support for the growth, momentum, and entrepreneurial spirit of the Lone Star State. Texas has a strong, diverse economy poised for continued success." "We are thrilled to welcome Comstock Resources as a Founding Member of NYSE Texas," said Chris Taylor, Chief Development Officer, NYSE Group. "The
FRISCO, TX, April 30, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended March 31, 2025. Highlights of 2025's First Quarter Higher natural gas prices in the first quarter drove improved financial results in the quarter. Natural gas and oil sales, including realized hedging gains, were $405 million for the quarter.Operating cash flow was $239 million or $0.81 per diluted share.Adjusted EBITDAX for the quarter was $293 million.Adjusted net income was $53.8 million or $0.18 per diluted share for the quarter. Comstock resumed completion activity in late 2024 allowing it to turn fourte
DENVER, CO AND FRISCO, TX, April 30, 2025 (GLOBE NEWSWIRE) -- BKV Corporation (NYSE:BKV) ("BKV") and Comstock Resources, Inc. (NYSE:CRK) ("Comstock") today announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration ("CCUS") projects at two of Comstock's natural gas processing facilities in its Western Haynesville operating area. As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at Comstock's Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations. The terms of the prospective projects are subject to further n
FRISCO, TX, April 03, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its first quarter 2025 results on April 30, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 1, 2025 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BIe794f2ba5583499f970858176fd39094. 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
WhiteHawk closes $118 million acquisition of additional Marcellus Shale natural gas mineral and royalty assets by doubling its ownership interests in its existing 475,000 gross unit acres position Acquisition generates cash flow from over 1,400 wells, anchored by top-tier operators EQT, Range Resources, and CNX Resources This transaction increases WhiteHawk's natural gas mineral and royalty interests in its 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 an acquisition which increased its interest in its existing Marcellus Shal
FRISCO, TX, Feb. 18, 2025 (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, 2024. Highlights of 2024's Fourth Quarter Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $223 million or $0.76 per share.Adjusted EBITDAX for the quarter was $252 million.Adjusted net income was $46.3 million or $0.16 per share for the quarter.Six successful wells were turned to sales in the Western Haynesville with an average daily initial production rate of 40 MMcf per well.Added over 64,000 net acres in the Western Haynesville, in
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
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BKV Corporation (NYSE:BKV) ("BKV" or the "Company"), today reported financial and operational results for the first quarter of 2025, including guidance for the second quarter of 2025. First Quarter and Subsequent Highlights Announced a joint venture agreement with Copenhagen Infrastructure Partners ("CIP") to partner on the development of carbon capture, utilization, and sequestration ("CCUS") projects Net loss of $78.7 million or $(0.93) per diluted share Adjusted Net Income of $35.0 million or $0.41 per diluted share Adjusted EBITDAX of $90.9 million Combined Adjusted EBITDAX of $100.7 million (includes implied proportionate share of Power JV Adjusted EBITDA of $9.8 million)
FRISCO, TX, April 30, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) today reported financial and operating results for the quarter ended March 31, 2025. Highlights of 2025's First Quarter Higher natural gas prices in the first quarter drove improved financial results in the quarter. Natural gas and oil sales, including realized hedging gains, were $405 million for the quarter.Operating cash flow was $239 million or $0.81 per diluted share.Adjusted EBITDAX for the quarter was $293 million.Adjusted net income was $53.8 million or $0.18 per diluted share for the quarter. Comstock resumed completion activity in late 2024 allowing it to turn fourte
FRISCO, TX, April 03, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its first quarter 2025 results on April 30, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 1, 2025 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BIe794f2ba5583499f970858176fd39094. 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
WhiteHawk closes $118 million acquisition of additional Marcellus Shale natural gas mineral and royalty assets by doubling its ownership interests in its existing 475,000 gross unit acres position Acquisition generates cash flow from over 1,400 wells, anchored by top-tier operators EQT, Range Resources, and CNX Resources This transaction increases WhiteHawk's natural gas mineral and royalty interests in its 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 an acquisition which increased its interest in its existing Marcellus Shal
FRISCO, TX, Feb. 18, 2025 (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, 2024. Highlights of 2024's Fourth Quarter Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $223 million or $0.76 per share.Adjusted EBITDAX for the quarter was $252 million.Adjusted net income was $46.3 million or $0.16 per share for the quarter.Six successful wells were turned to sales in the Western Haynesville with an average daily initial production rate of 40 MMcf per well.Added over 64,000 net acres in the Western Haynesville, in
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
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UBS initiated coverage of Comstock with a rating of Neutral and set a new price target of $19.00
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