Latest news with #ComstockResources
Yahoo
02-05-2025
- Business
- Yahoo
Comstock Resources First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: US$512.9m (up 53% from 1Q 2024). Net loss: US$121.3m (loss widened by US$105.0m from 1Q 2024). US$0.42 loss per share (further deteriorated from US$0.059 loss in 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in Comstock Resources. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are up 2.8% from a week ago. Before we wrap up, we've discovered 1 warning sign for Comstock Resources that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Insider
01-05-2025
- Business
- Business Insider
Comstock Resources (CRK) Receives a Rating Update from a Top Analyst
In a report released today, Leo Mariani from Roth MKM maintained a Hold rating on Comstock Resources (CRK – Research Report), with a price target of $19.00. Protect Your Portfolio Against Market Uncertainty Mariani covers the Energy sector, focusing on stocks such as Matador Resources, Occidental Petroleum, and Range Resources. According to TipRanks, Mariani has an average return of 23.2% and a 55.48% success rate on recommended stocks. In addition to Roth MKM, Comstock Resources also received a Hold from UBS's Peyton Dorne in a report issued on April 21. However, on April 22, Piper Sandler maintained a Sell rating on Comstock Resources (NYSE: CRK). The company has a one-year high of $22.06 and a one-year low of $7.74. Currently, Comstock Resources has an average volume of 2.36M. Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRK in relation to earlier this year. Most recently, in January 2025, Elizabeth Davis, a Director at CRK bought 10,725.00 shares for a total of $199,914.00.
Yahoo
24-04-2025
- Business
- Yahoo
Is Comstock Resources (CRK) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?
We recently published a list of . In this article, we are going to take a look at where Comstock Resources, Inc. (NYSE:CRK) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices. Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay! Inflation resulting from these tariffs threatens to send the country's economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world. Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times. To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion. A drilling rig surrounded by reserves of oil and natural gas. Comstock Resources, Inc. (NYSE:CRK) operates as an independent energy company. The company explores, acquires, develops, and produces oil and natural gas properties. Its assets cover approximately 1,099,090 acres. Comstock Resources (NYSE:CRK) recently announced its Q4 2024 earnings, indicating a 12% YoY decline in production. This decline was due to the reduced drilling activity at the start of the year. For the full year, it reported an adjusted net loss of $0.24 per share. CRK has now shifted its focus to organic growth in a move that should help it avoid another lackluster year. As per the company's 2025 outlook, it plans to drill 20 wells and bring 17 wells online in the Western Haynesville, backed by four operated rigs. Midstream costs for the area, which will be fully funded by its partner Quantum Capital Solutions, are anticipated to be in the range of $130 million and $150 million. Moreover, the company projects to drill 26 wells and bring 29 wells online in the Legacy Haynesville. Comstock Resources (NYSE:CRK) plans to use operating cash flows to fund its drilling program. With any excess cash flow, the company will prioritize paying off debt. As a result, investors should not expect any sizable dividends. Overall, CRK ranks 10th on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. 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 doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than CRK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
04-04-2025
- Business
- Yahoo
Why Comstock Resources, Inc. (CRK) is Gaining This Week?
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Comstock Resources, Inc. (NYSE:CRK) stands against the other energy stocks. After significantly trailing behind in 2024, the energy sector now finds itself outperforming the general market so far this year. Despite the sharp market decline on Thursday, April 3, the broader energy sector has gained over 1.3% since the beginning of 2025, against declines of more than 7% by the wider market. The energy industry has braced itself for a tidal wave of change with Donald Trump back in the Oval Office since the President has expressed a strong commitment to reviving fossil fuels, reversing climate policies, and assuring America's energy security. One sector that is already booming is that of natural gas. The benchmark US natural gas price at Henry Hub has surged by over 147% over the last year, thanks to slowing output in 2024, booming LNG exports, and fast-depleting inventories during the coldest winter in six years. Moreover, the ongoing AI boom and the accompanying data centers are also set to significantly increase the country's energy demand, for which natural gas is a leading contender. The Energy Information Administration (EIA) expects the US gas demand to reach record highs this year and next, forecasting the country's gas output to surge to 105.2 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd last year and a record 103.6 bcfd in 2023. A drilling rig surrounded by reserves of oil and natural gas. To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 26 and April 2, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Share Price Gains Between Mar. 26 – Apr. 2: 7.83% 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. The share price of Comstock Resources, Inc. (NYSE:CRK) surged last week after Morgan Stanley raised the stock's price target from $21 to $22. CRK reported an adjusted EPS of $0.16 in Q4 2024, significantly above the analysts' estimates of $0.03. In response to the rising natural gas prices, the company plans to spend approximately $1 billion to $1.1 billion this year to increase the number of operating drilling rigs it is running from five to seven. Overall, CRK ranks 6th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2025 EARNINGS DATE AND CONFERENCE CALL INFORMATION
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 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 connection to the call. ~~~ The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: ~~~ A replay of the first quarter 2025 conference call will be available for twelve months beginning at 1:00 p.m. CT on May 1, 2025. The replay of the conference can be accessed using the webcast link: About Comstock Resources: Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas. A slide show presentation on the financial results will be available on Comstock's website at Click on 'Quarterly Results' to view the slide show. CONTACT: Ron Mills VP - Finance & Investor Relations Comstock Resources 972-668-8834 rmills@ in to access your portfolio
