Comstock Resources (CRK)

• Market cap: $4.62B
• 1 day: 2.20%
• 5 days: -6.17%
• 1 month: 5.47%
• 3 months: 46.21%
• 6 months: 47.16%
• Year to date: 76.96%
• 1 year: 82.05%
• 5 years: 112.35%
• 10 years: -54.28%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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 Q3 regulatory filings by fund managers ($100M+ AUM)

92% more call options, than puts

Call options by funds: $26.6M | Put options by funds: $13.9M

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

3% less capital invested

Capital invested by funds: $1.06B [Q2] → $1.03B (-$32.2M) [Q3]

3.36% less ownership

Funds ownership: 34.89% [Q2] → 31.52% (-3.36%) [Q3]

6% less funds holding

Funds holding: 256 [Q2] → 240 (-16) [Q3]

30% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 93

35% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 46

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 37% downside
• Avg. target: $13.70 13% downside
• High target: $18 14% upside

5 analyst ratings

• positive: 1 20%
• neutral: 4 80%
• negative: 0 0%

Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target	14% upside $18	Neutral Upgraded	16 Dec 2024
Citigroup Paul Diamond 18% 1-year accuracy 2 / 11 met price target	2% downside $15.50	Neutral Maintained	6 Dec 2024
B of A Securities Kalei Akamine 50% 1-year accuracy 3 / 6 met price target	12% downside $14	Buy Initiated	28 Oct 2024
BMO Capital Phillip Jungwirth 31% 1-year accuracy 5 / 16 met price target	30% downside $11	Market Perform Maintained	4 Oct 2024
Truist Securities Neal Dingmann 33% 1-year accuracy 47 / 141 met price target	37% downside $10	Hold Maintained	30 Sept 2024