Last Updated: 16 Sep 2024
Executive Summary
Comstock Resources Inc. (CRK) is an independent energy company focused on oil and natural gas production in the United States. The company has a market capitalization of $2.93 billion and trades on the NYSE. CRK's latest stock price is $10.02.
Company Overview
Comstock Resources is headquartered in Frisco, Texas and operates in Texas, Louisiana, and North Dakota. The company's primary focus is on the acquisition, exploration, development, and production of oil and natural gas. CRK has a strong track record of growth and profitability, with revenue increasing by 144% over the past year.
Fundamental Analysis
CRK's financial performance has been mixed in recent years. The company reported a loss per share of $0.06 in the latest quarter, primarily due to lower oil and gas prices. However, CRK's EBITDA and gross profit have both increased significantly over the past year.
The company's balance sheet is strong, with $711.38 million in EBITDA and $2.82 billion in total assets. CRK's debt-to-equity ratio is 0.51, which is below the industry average.
Technical Analysis
CRK's stock price has been trending sideways in recent months, with the 50-day moving average at $10.15 and the 200-day moving average at $9.56. The relative strength index (RSI) is at 45, indicating that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for CRK is mixed. The company's financial performance has been weak in recent quarters, and oil and gas prices are expected to remain volatile. However, CRK's balance sheet is strong and the company has a history of growth.
Long Term Outlook
The long-term outlook for CRK is positive. The company has a strong asset base and is well-positioned to benefit from the growing demand for oil and natural gas. CRK's management team is experienced and has a track record of success.
Analyst Recommendations
Analysts are divided on CRK's stock. Ten analysts have a hold rating on the stock, three have a sell rating, and none have a strong buy or buy rating. The average analyst target price is $10.00.
