(CRK) Comstock Resources - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 4.350m USD | Total Return: -40% in 12m
Avg Turnover: 36.9M
Qual. Beats: -1
Rev. Trend: -14.6%
Qual. Beats: 1
Warnings
Earnings expected to drop: P/E 6.7 → Forward 31.6
Below Avwap Earnings
Tailwinds
No distinct edge detected
Comstock Resources, Inc. (CRK) is an independent energy company focused on the acquisition, development, and production of natural gas and oil. The firm’s primary operations are concentrated in the Haynesville and Bossier shale formations across North Louisiana and East Texas, managing approximately 1.07 million acres. Founded in 1919 and headquartered in Frisco, Texas, the company operates as a pure-play natural gas producer in one of the most active basins in the United States.
The Haynesville Shale is strategically significant due to its proximity to the Gulf Coast natural gas infrastructure and LNG export terminals. As an exploration and production (E&P) firm, Comstock’s revenue is highly sensitive to regional natural gas price fluctuations and drilling efficiency within deep, high-pressure reservoirs. Investors may find ValueRay useful for deeper analysis of the companys valuation and historical performance. This business model requires significant capital expenditure to maintain production levels as shale wells typically experience high initial decline rates.
- Natural gas price volatility directly impacts revenue from Haynesville and Bossier shale production
- Capital expenditure levels for Western Haynesville development influence long-term production growth and leverage
- Proximity to Gulf Coast LNG export terminals dictates regional basis pricing and margins
- High debt-to-equity ratio makes stock performance sensitive to prevailing interest rate environments
| Net Income: 653.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -0.12 > 1.0 |
| NWC/Revenue: -21.04% < 20% (prev -36.28%; Δ 15.25% < -1%) |
| CFO/TA 0.14 > 3% & CFO 996.8m > Net Income 653.4m |
| Net Debt (3.11b) to EBITDA (1.73b): 1.81 < 3 |
| Current Ratio: 0.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (291.3m) vs 12m ago 0.35% < -2% |
| Gross Margin: 50.38% > 18% (prev 0.24%; Δ 5.01k% > 0.5%) |
| Asset Turnover: 28.98% > 50% (prev 21.67%; Δ 7.31% > 0%) |
| Interest Coverage Ratio: 5.02 > 6 (EBITDA TTM 1.73b / Interest Expense TTM 221.0m) |
| A: -0.06 (Total Current Assets 290.1m - Total Current Liabilities 711.9m) / Total Assets 7.24b |
| B: 0.17 (Retained Earnings 1.23b / Total Assets 7.24b) |
| C: 0.16 (EBIT TTM 1.11b / Avg Total Assets 6.92b) |
| D: 0.33 (Book Value of Equity 1.38b / Total Liabilities 4.17b) |
| Altman-Z'' = 1.60 = BB |
| DSRI: 0.49 (Receivables 169.1m/244.5m, Revenue 2.01b/1.43b) |
| GMI: 0.47 (GM 50.38% / 23.79%) |
| AQI: 1.02 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.40 (Revenue 2.01b / 1.43b) |
| TATA: -0.05 (NI 653.4m - CFO 996.8m) / TA 7.24b) |
| Beneish M = -3.67 (Cap -4..+1) = AAA |
As of May 24, 2026, the stock is trading at USD 14.11 with a total of 1,753,697 shares traded.
Over the past week, the price has changed by -5.87%,
over one month by -20.07%,
over three months by -25.21% and
over the past year by -39.97%.
Comstock Resources has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold CRK.
- StrongBuy: 2
- Buy: 0
- Hold: 10
- Sell: 2
- StrongSell: 1
| Analysts Target Price | 18.8 | 32.9% |
P/E Forward = 31.6456
P/S = 2.1737
P/B = 1.5018
P/EG = 4.6431
Revenue TTM = 2.01b USD
EBIT TTM = 1.11b USD
EBITDA TTM = 1.73b USD
Long Term Debt = 2.81b USD (from longTermDebt, last fiscal year)
Short Term Debt = 43.3m USD (from shortTermDebt, last quarter)
Debt = 3.13b USD (from shortLongTermDebtTotal, last quarter) + Leases 98.4m
Net Debt = 3.11b USD (calculated: Debt 3.13b - CCE 14.8m)
Enterprise Value = 7.46b USD (4.35b + Debt 3.13b - CCE 14.8m)
Interest Coverage Ratio = 5.02 (Ebit TTM 1.11b / Interest Expense TTM 221.0m)
EV/FCF = -15.88x (Enterprise Value 7.46b / FCF TTM -470.0m)
FCF Yield = -6.30% (FCF TTM -470.0m / Enterprise Value 7.46b)
FCF Margin = -23.44% (FCF TTM -470.0m / Revenue TTM 2.01b)
Net Margin = 32.58% (Net Income TTM 653.4m / Revenue TTM 2.01b)
Gross Margin = 50.38% ((Revenue TTM 2.01b - Cost of Revenue TTM 995.2m) / Revenue TTM)
Gross Margin QoQ = 93.41% (prev 26.32%)
Tobins Q-Ratio = 1.03 (Enterprise Value 7.46b / Total Assets 7.24b)
Interest Expense / Debt = 7.06% (Interest Expense 221.0m / Debt 3.13b)
Taxrate = 17.40% (88.5m / 508.7m)
NOPAT = 917.0m (EBIT 1.11b * (1 - 17.40%))
Current Ratio = 0.41 (Total Current Assets 290.1m / Total Current Liabilities 711.9m)
Debt / Equity = 1.13 (Debt 3.13b / totalStockholderEquity, last quarter 2.76b)
Debt / EBITDA = 1.81 (Net Debt 3.11b / EBITDA 1.73b)
Debt / FCF = -6.63 (negative FCF - burning cash) (Net Debt 3.11b / FCF TTM -470.0m)
Total Stockholder Equity = 2.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.44% (Net Income 653.4m / Total Assets 7.24b)
RoE = 26.11% (Net Income TTM 653.4m / Total Stockholder Equity 2.50b)
RoCE = 20.90% (EBIT 1.11b / Capital Employed (Equity 2.50b + L.T.Debt 2.81b))
RoIC = 13.99% (NOPAT 917.0m / Invested Capital 6.56b)
WACC = 7.13% (E(4.35b)/V(7.48b) * Re(8.06%) + D(3.13b)/V(7.48b) * Rd(7.06%) * (1-Tc(0.17)))
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.90 | Cagr: 2.27%
[DCF] Fair Price = unknown (Cash Flow -470.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.42 | # QB: -1
Revenue Correlation: -14.57 | Revenue CAGR: -3.85% | SUE: 2.00 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-50.00% | Revisions=-45% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.14 | Chg30d=-24.95% | Revisions=-45% | Analysts=8
EPS current Year (2026-12-31): EPS=0.57 | Chg30d=-37.72% | Revisions=-20% | GrowthEPS=+5.2% | GrowthRev=-2.0%
EPS next Year (2027-12-31): EPS=1.24 | Chg30d=-10.83% | Revisions=+9% | GrowthEPS=+118.3% | GrowthRev=+13.9%
[Analyst] Revisions Ratio: -45%