Comstock Resources (CRK)

Comstock Oil & Gas, LLC • Comstock Oil & Gas – Louisiana, LLC • Comstock Oil & Gas – Louisiana Holdings, LLC • Comstock Gas Services LLC • Pinnacle Gas Services LLC • Pinnacle Gas Treating LLC • (1)100% owned by Comstock Oil & Gas, LLC ...

IRS number

941667468

CRK stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$13.25

Low target

$10.00

High target

$18.00

Latest filings (excl ownership)

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31 Oct 24

Results of Operations and Financial Condition

1 Aug 24

Results of Operations and Financial Condition

30 Jul 24

EFFECT

Notice of effectiveness

21 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

2 May 24

Results of Operations and Financial Condition

1 May 24

DEF 14A

Definitive proxy

29 Apr 24

Transcripts

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CRK

Earnings call transcript

2024 Q3

31 Oct 24

CRK

Earnings call transcript

2024 Q2

31 Jul 24

CRK

Earnings call transcript

2024 Q1

2 May 24

CRK

Earnings call transcript

2023 Q4

14 Feb 24

CRK

Earnings call transcript

2023 Q3

31 Oct 23

CRK

Earnings call transcript

2023 Q2

1 Aug 23

CRK

Earnings call transcript

2023 Q2

1 Aug 23

CRK

Earnings call transcript

2023 Q1

3 May 23

CRK

Earnings call transcript

2022 Q4

15 Feb 23

CRK

Earnings call transcript

2022 Q3

2 Nov 22

Latest ownership filings

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144

Notice of proposed sale of securities

Clifford Doyle Newell III

17 Jun 24

Financial summary

Financial statements Chart CRK financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.77 mm	13.77 mm	13.77 mm	13.77 mm	13.77 mm	13.77 mm
Cash burn (monthly)	1.83 mm	505.25 k	20.45 mm	11.57 mm	(no burn)	(no burn)
Cash used (since last report)	5.11 mm	1.41 mm	57.05 mm	32.29 mm	n/a	n/a
Cash remaining	8.66 mm	12.36 mm	-43.28 mm	-18.52 mm	n/a	n/a
Runway (months of cash)	4.7	24.5	-2.1	-1.6	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

CRK institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	261	255	+2.4%
Opened positions	42	59	-28.8%
Closed positions	36	50	-28.0%
Increased positions	85	80	+6.3%
Reduced positions	78	72	+8.3%

13F shares	Current	Prev Q	Change
Total value	1.00 tn	920.02 bn	+8.8%
Total shares	304.97 mm	307.24 mm	-0.7%
Total puts	1.39 mm	1.33 mm	+4.6%
Total calls	1.52 mm	2.08 mm	-26.8%
Total put/call ratio	0.9	0.6	+42.8%

Largest owners	Shares	Value	Change
Jones Jerral W.	194.82 mm	$0.00	0.0%
BLK BlackRock	15.11 mm	$156.81 bn	-1.4%
Key	12.13 mm	$125.86 bn	+8.7%
Dimensional Fund Advisors	11.70 mm	$121.41 bn	+26.3%
Vanguard	10.26 mm	$106.53 bn	+6.4%
Covey Park	10.01 mm	$62.58 mm	0.0%
STT State Street	5.37 mm	$55.74 bn	-54.3%
Encompass Capital Advisors	3.49 mm	$36.23 bn	-8.1%
BK The Bank of New York Mellon Corporation	2.51 mm	$26.03 bn	-5.1%
Wellington Management	2.49 mm	$25.90 bn	+188.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	5.37 mm	-6.39 mm	-54.3%
Dimensional Fund Advisors	11.70 mm	+2.44 mm	+26.3%
Cooper Creek Partners Management	2.01 mm	+2.01 mm	NEW
Wellington Management	2.49 mm	+1.63 mm	+188.5%
MS Morgan Stanley	2.03 mm	-985.87 k	-32.7%
Key	12.13 mm	+975.00 k	+8.7%
Millennium Management	875.37 k	+875.37 k	NEW
IVZ Invesco	724.72 k	-730.56 k	-50.2%
Renaissance Technologies	223.16 k	-689.14 k	-75.5%
HITE Hedge Asset Management	630.46 k	+630.46 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CRK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	11.25	80,092	901.04 k	208,300,084
26 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	11.5433	592,246	6.84 mm	208,219,992
23 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	11.1642	1,044,200	11.66 mm	207,627,746
22 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.9612	1,044,200	11.45 mm	206,583,546
21 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	11.0952	1,044,200	11.59 mm	205,539,346
20 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.9261	1,044,200	11.41 mm	204,495,146
16 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.6395	573,453	6.10 mm	203,450,946
15 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.5567	981,898	10.37 mm	202,877,493
14 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.5834	981,898	10.39 mm	201,895,595
13 Aug 24	Arkoma Drilling	Common Stock	Buy	Acquire P	No	No	10.1359	981,898	9.95 mm	200,913,697

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Mizuho Upgrades Comstock Resources to Neutral, Raises Price Target to $18

16 Dec 24

Mizuho analyst Nitin Kumar upgrades Comstock Resources (NYSE:CRK) from Underperform to Neutral and raises the price target from $10 to $18.

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15 Dec 24

These 10 mid-cap stocks performed well last week. Are they in your portfolio? PDCO, NAMS, WBA, NVCR, RH, PTVE, CRK, RNW, ALK, STVN.

Analyst Scoreboard: 5 Ratings For Comstock Resources

6 Dec 24

Citigroup Maintains Neutral on Comstock Resources, Raises Price Target to $15.5

6 Dec 24

Comstock Resources Q3 Adj $(0.17) Misses $(0.16) Estimate, Sales $304.47M Miss $321.54M Estimate

30 Oct 24