Comstock ResourcesCRK
Market Cap: $2.78B
About: Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.
Employees: 251
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $20.5M
21% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 34
6% more capital invested
Capital invested by funds: $976M [Q1] → $1.03B (+$55.7M) [Q2]
3% more funds holding
Funds holding: 245 [Q1] → 252 (+7) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 78
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
138.71% less ownership
Funds ownership: 172.7% [Q1] → 33.99% (-138.71%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 47%downside $5 | Underweight Downgraded | 15 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 5%downside $9 | Hold Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 4 articles about CRK published over the past 30 days