Comstock Resources
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 (-$31.9M) [Q3]
3.36% less ownership
Funds ownership: 34.94% [Q2] → 31.58% (-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
30% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 43
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 11%downside $19 | Hold Maintained | 13 Jan 2025 |
Morgan Stanley Devin McDermott 42% 1-year accuracy 10 / 24 met price target | 16%downside $18 | Equal-Weight Initiated | 10 Jan 2025 |
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target | 16%downside $18 | Neutral Upgraded | 16 Dec 2024 |
Citigroup Paul Diamond 42% 1-year accuracy 5 / 12 met price target | 27%downside $15.50 | Neutral Maintained | 6 Dec 2024 |
B of A Securities Kalei Akamine 67% 1-year accuracy 4 / 6 met price target | 34%downside $14 | Buy Initiated | 28 Oct 2024 |
Financial journalist opinion
Based on 7 articles about CRK published over the past 30 days