Latest news with #CRK
Yahoo
01-08-2025
- Business
- Yahoo
Comstock (CRK) Swings to Profitability in Q2, But Analyst Not Impressed
We recently published . Comstock Resources, Inc. (NYSE:CRK) is one of the worst-performing stocks on Thursday. Comstock Resources fell by 14.05 percent on Thursday to end at $17.87 apiece as investors took path from a pessimistic outlook and a lower price target from an investment firm. In a market note, UBS further downgraded Comstock Resources, Inc. (NYSE:CRK) to a 'sell' recommendation after lowering it to 'neutral' on July 10. It also reduced its price target to $18 from $20 previously. According to UBS, Comstock Resources, Inc. (NYSE:CRK) currently faces potential downside risks, including lower natural gas prices, underscoring an approximately 0.5 Bcfpd oversupplied balance that could cause risks due to its leverage position and low free cash flow generation. In other news, Comstock Resources, Inc. (NYSE:CRK) swung to an attributable net income of $125 million from a $126 million net loss in the same period last year. Total revenues surged by 90 percent to $270 million from $246.8 million year-on-year. While we acknowledge the potential of CRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
01-08-2025
- Business
- Yahoo
Alamos Gold Inc (AGI) Q2 2025 Earnings Call Highlights: Record Revenue and Production Growth ...
Second-Quarter Production: 137,000 ounces, up 10% from the first quarter. All-In Sustaining Costs: Decreased 18% from the first quarter. Revenue: Record $438 million, with an average realized gold price of $3,223 per ounce. Net Earnings: $159 million, or $0.38 per share. Adjusted Net Earnings: $144 million, or $0.34 per share. Operating Cash Flow: Record $233 million, or $0.55 per share. Free Cash Flow: $85 million. Cash Balance: $345 million at the end of the second quarter. Total Liquidity: $845 million, including undrawn credit facility. Full-Year Cost Guidance: All-in sustaining costs expected to be 12% higher than original guidance. Island Gold District Production: 64,400 ounces, a 9% increase over the first quarter. Young-Davidson Production: 38,700 ounces, a 9% increase from the first quarter. Mulatos District Production: 34,100 ounces, a 12% increase over the first quarter. Warning! GuruFocus has detected 8 Warning Signs with CRK. Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Second-quarter production totaled 137,000 ounces, up 10% from the first quarter, aligning with quarterly guidance. All-in sustaining costs decreased by 18% compared to the first quarter, with further reductions expected. Record revenues and cash flow from operations were realized, with strong free cash flow of $85 million. The Island Gold District is expected to become one of the largest, lowest cost, and most profitable gold mines in Canada. The company expects to generate annual free cash flow exceeding $1 billion at current gold prices after completing the Phase 3-plus expansion. Negative Points Full-year all-in sustaining costs are expected to be 12% higher than the original guidance due to higher share price compensation and royalty expenses. A slower start at Magino and Young-Davidson impacted the first-half performance, not reflecting the company's long-term track record. The increased inflow of groundwater at Young-Davidson led to nearly one week of downtime in May. The average realized gold price was below the London PM fixed price due to deliveries into a gold pre-payment facility. Mining rates at Young-Davidson were lower than targeted levels due to higher than average snowfall and precipitation. Q & A Highlights Q: How confident are you in meeting the production guidance comfortably, and what levers do you have within your portfolio to ensure this? A: John McCluskey, President and CEO, expressed strong confidence in meeting production guidance, citing a long history of accurate forecasting. Despite a slow start due to difficult conditions, the company is confident in its production targets, supported by higher milling rates and grades at Young-Davidson and increased underground mining rates at Island Gold. Q: Are there any standout drill targets in the exploration near the Magino mill, and will these be incorporated into the expansion study? A: John McCluskey and Scott Parsons, VP of Exploration, highlighted exciting exploration results, particularly between Island Gold and Magino. The focus is on converting inferred resources to reserves for the expansion study, with longer-term targets like Cline, Edwards, and Pick expected to provide additional high-grade mill feed. Q: Has the issue with higher groundwater levels at Young-Davidson due to the spring melt been resolved? A: Luc Guimond, COO, confirmed that the issue has been resolved. The company has enhanced regional watershed management and increased pumping capacity to prevent future occurrences. Q: What is the expected throughput profile for the Magino mill for the rest of the quarter? A: Luc Guimond, COO, stated that the Magino mill is expected to gradually ramp up throughput, reaching 11,200 tonnes per day by Q4. The focus is on maximizing underground ore processing from Island Gold. Q: Are you expecting to achieve production guidance at all the mines, given that Young-Davidson and Island are currently at the low end of their ranges? A: John McCluskey, President and CEO, affirmed confidence in meeting production guidance on a consolidated basis, with expectations to hit targets mine by mine, despite potential unforeseen challenges. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
31-07-2025
- Business
- Yahoo
Here's What Key Metrics Tell Us About Comstock (CRK) Q2 Earnings
For the quarter ended June 2025, Comstock Resources (CRK) reported revenue of $470.26 million, up 90.5% over the same period last year. EPS came in at $0.13, compared to -$0.20 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $415.32 million, representing a surprise of +13.23%. The company delivered an EPS surprise of +44.44%, with the consensus EPS estimate being $0.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Comstock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average natural gas price: $3.02 compared to the $3.26 average estimate based on three analysts. Average natural gas price including hedging: $3.06 compared to the $3.23 average estimate based on three analysts. Total Production: 112,238.00 MMcfe compared to the 115,997.70 MMcfe average estimate based on two analysts. Production - Oil-Total: 13.00 MBBL compared to the 9.06 MBBL average estimate based on two analysts. Average oil price: $57.00 compared to the $62.07 average estimate based on two analysts. Production - Natural gas-Total: 112,164.00 MMcf versus 115,943.40 MMcf estimated by two analysts on average. Revenues- Oil sales: $0.74 million versus $0.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -31% change. Revenues- Natural gas sales: $339.23 million versus the two-analyst average estimate of $396.16 million. View all Key Company Metrics for Comstock here>>> Shares of Comstock have returned -16.8% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comstock Resources, Inc. (CRK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Alpha From Ashes: ‘Big Loser' Comstock Resources (CRK) is Flashing a Statistically Significant Reversal Signal
You've all heard the aphorism of buy low and sell high. But have you ever noticed that hardly anyone provides a tangible blueprint for how to actually find these hidden gems? We're going to change that right now. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Tariff Deals Spark Unusual Options Trading in Carrier Global Corp Stock Low IV Alert: Stocks that Could be Ready to Pop Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! One of the many Barchart screeners that's particularly helpful for bargain-hunting speculators is the one-day percentage change decline list. As the name implies, it lists out the biggest losers on the day. Usually, people should avoid attempting to catch falling knives. When a publicly traded security loses a significant amount of value in a single session, there's almost always a reason for it — and not a good one. With that warning out of the way, I'm going to make an exception for Comstock Resources (CRK). An independent energy company, Comstock is engaged in the acquisition, development, production and exploration of oil and natural gas properties. Per its public profile, the enterprise's hydrocarbon reserve base is entirely concentrated in the Gulf of Mexico, Southeast Texas and East Texas/North Louisiana regions. Fundamentally, CRK stock would seem to be an intriguing idea, especially under the Trump administration. However, shareholders would have different thoughts for right now. On Wednesday, CRK slipped almost 4%. In the past five sessions, the security dropped more than 11%. To be sure, the year-to-date performance stands at nearly 13%, making it a very solid name relative to the benchmark S&P 500 index. So, what gives? It's difficult to say, although Barchart content partner Zacks reported a spike in implied volatility due to the purchase of a $3 put that expired last week on July 18. Other than that, the news cycle seems dry. Interestingly, though, the company is scheduled to release its earnings results after the closing bell on July 30. A better-than-expected print or guidance may help lift CRK stock from its funk — and its statistical framework is pointing to exactly that. Using Objective Truth to Decipher CRK Stock Scientists and theologians often spar on the existence of objective truth in the universe. It's a contentious topic, one that I'm obviously not going to explore here. However, I do find the concept of truth fascinating, in part because it's a rare — possibly near-extinct — commodity in the financial publication realm. It's here that many people may have a knee-jerk reaction. Hey, what a minute, CRK stock closed at $20.55 on the midweek session and is priced at 4.91-times trailing-12-month (TTM) sales…that's truth! No, I'm afraid those are facts. And what is typipcally considered 'analysis' in the financial realm comes down to heuristics formulated from those facts. Sorry for the red pill but once you see it, you can't unsee it. Think about all the times we've heard experts talk about a stock being offered at a 'good price' or a company stumbling on 'bad earnings.' But what do those labels even mean? There's no objective mechanism to determine that since scalar metrics like share price or earnings are unbounded and therefore undefinable. The only objective truth? At the end of the day, the market is either a net buyer or net seller. Consider what has been happening in the trailing two months. CRK stock has printed (including the current week) four up weeks and six down weeks, with an overall negative trajectory across the 10-week period. This sequence can be abbreviated as 4-6-D. It may seem ridiculous to compress the magnitude dynamism of CRK stock into a simple binary code. But consider what's happening here. In the past 10 weeks, the market has been a net buyer four times and a net seller six times. This is a falsifiable sequence. When we stack this pattern against others across rolling 10-week intervals (going back to January 2019), we get the following demand profile for CRK stock: L10 Category Sample Size Up Probability Baseline Probability Median Return if Up 2-8-D 8 75.00% 50.58% 4.09% 3-7-D 28 46.43% 50.58% 3.24% 3-7-U 5 40.00% 50.58% 4.28% 4-6-D 46 69.57% 50.58% 4.62% 4-6-U 16 62.50% 50.58% 3.68% 5-5-D 51 50.98% 50.58% 7.23% 5-5-U 45 48.89% 50.58% 7.17% 5-5-F 1 100.00% 50.58% 0.62% 6-4-D 13 61.54% 50.58% 8.57% 6-4-U 71 39.44% 50.58% 3.92% 7-3-U 33 33.33% 50.58% 9.09% 8-2-U 1 0.00% 50.58% N/A Interestingly, the 4-6-D sequence has flashed 46 times. In 69.57% of cases, the following week's price action results in upside, with a median return of 4.62%. Should the bulls maintain control for a second week, the median forecasted performance is an additional 3.63%. That may mean that CRK stock is on course to hit around $22.28. As a baseline, the chance that a long position in CRK will rise on any given week is only 50.44%. This is essentially our null hypothesis, our expected performance assuming no mispricing. The beauty of the 4-6-D signal is that the odds now dramatically favor the bulls. A Rationally Aggressive Trade Based on the market intelligence above, the 21/22 bull call spread expiring Aug. 15 is awfully intriguing. This transaction involves buying the $21 call and simultaneously selling the $22 call, for a net debit paid of $50. Should CRK stock rise through the short strike price ($22) at expiration, the maximum reward is also $50, a 100% payout. With earnings coming up next week, though, super-aggressive speculators may consider ramping up the short strike price to $23. In that case, the 21/23 bull spread would offer the highest payout at almost 167%. Some might wonder at this point about the reliability of the 4-6-D sequence. Running a one-tailed binominal test reveals a p-value of 0.0067, translating to a 99.33% confidence level that the signal is 'intentional' rather than random. Scientifically, this metric meets the threshold of statistical significance. This doesn't guarantee a successful outcome, to be clear. However, it lets you know that there's something about this sequence that extends well beyond white noise — and that's how we can extract alpha from heavily cheapened stocks. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
10-07-2025
- Business
- Yahoo
Here is Why Comstock Resources (CRK) Slumped This Week
The share price of Comstock Resources, Inc. (NYSE:CRK) fell by 16.44% between June 30 and July 8, 2025, putting it among the Energy Stocks that Lost the Most This Week. A drilling rig surrounded by reserves of oil and natural gas. Comstock Resources, Inc. (NYSE:CRK) is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. Comstock Resources, Inc. (NYSE:CRK) skyrocketed to a 10-year high last month after the analysts at Wolfe Research upgraded the stock from 'Peer Perform' to 'Outperform' and raised its price target to $34. So the recent downturn could be due to investors booking their profits following an impressive rally. Moreover, Comstock Resources, Inc. (NYSE:CRK) came under pressure following a decline in the price of natural gas, with US natural gas futures dropping by over 22% since June 19 due to rising supply and strong storage levels. Despite the downturn, the share price of Comstock Resources, Inc. (NYSE:CRK) has surged by more than 118% over the last year. While we acknowledge the potential of CRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
