Comstock Resources 株価情報 (NYSE: CRK)

最新ニュース Comstock Resources (NYSE:CRK) 株価情報

Comstock Resources

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.

Comstock Resources Inc

Crank Media Inc

Crown Electrokinetics Corp. - Common Stock

Crown ElectroKinetics Corp

Creek Road Miners Inc

Prairie Operating Co

CIRMAKER TECHNOLOGY CORP by Cirmaker Technology Corp.

Cirmaker Technology Corp

5 analysts have expressed a variety of opinions on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $15.3, a high estimate of $19.00, and a low estimate of $6.00. This current average reflects an increase of 59.04% from the previous average price target of $9.62. 
<img src="https://www.benzinga.com/files/images/story/2025/1738177559_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Comstock Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Underweight</td>
<td>$6.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$19.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Paul Diamond</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.50</td>
<td>$12.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Comstock Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Comstock Resources compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Comstock Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Comstock Resources's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CRK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Comstock Resources analyst ratings.</a>
<h2>Delving into Comstock Resources's Background</h2>
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.
<h3>Breaking Down Comstock Resources's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: Comstock Resources's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -19.18%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Comstock Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -9.49%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Comstock Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.25%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Comstock Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.46%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.32, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About Comstock Resources Stock

Piper Sandler analyst Mark Lear maintains Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Underweight and raises the price target from $5 to $6.

News

Price Target

Piper Sandler Maintains Underweight on Comstock Resources, Raises Price Target to $6

Truist Securities analyst Neal Dingmann maintains Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Hold and raises the price target from $11 to $19.

Truist Securities Maintains Hold on Comstock Resources, Raises Price Target to $19

Morgan Stanley analyst Devin McDermott initiates coverage on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Equal-Weight rating and announces Price Target of $18.

Initiation

Morgan Stanley Initiates Coverage On Comstock Resources with Equal-Weight Rating, Announces Price Target of $18

As a <a href="https://www.benzinga.com/news/econ-s/25/01/42769181/natural-gas-prices-surge-as-arctic-blast-freezes-us-3-stocks-on-the-move">winter storm</a> hit the central U.S. on Sunday afternoon, let&#8217;s look at the top five winter-proof stocks expected to shield investors amid extreme winter uncertainties.
<h3 class="wp-block-heading">Winter Storm Hits Kansas City</h3>
A blizzard warning was issued to remain in effect till midnight on Sunday, Jan. 5, however, the National Weather Service of Kansas City expired the blizzard warning at 10 p.m. ET with a prediction of light to occasional moderate snow in a few pockets around the area.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">10 pm: We are expiring the blizzard warning across the KC metro. That being said, quite a few pockets of light to occasionally moderate snow are hanging around. Some areas could pick up another inch or so before all is said and done. <a href="https://t.co/TGEwr45EAO">pic.twitter.com/TGEwr45EAO</a>
&mdash; NWS Kansas City (@NWSKansasCity) <a href="https://twitter.com/NWSKansasCity/status/1876117176656310528?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As the U.S. is in the thick of the winter season, natural gas demand is expected to increase to meet the heating needs, and winter tiremakers apparel makers will also be in focus. Here is a list of the top 5 winter-proof stocks that can shield investors as temperature drops.
See Also: <a href="https://www.benzinga.com/news/econ-s/25/01/42769181/natural-gas-prices-surge-as-arctic-blast-freezes-us-3-stocks-on-the-move">Natural Gas Prices Surge As Arctic Blast Freezes US: 3 Stocks On The Move</a>
<h3 class="wp-block-heading">Top Five Winter Stocks</h3>
Following are the stock&#8217;s quarterly performance along with the positive and negative earnings surprises for the December quarter of the previous fiscal.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>December 2023 Quarter EPS Surprise</td>
<td>December 2023 Quarter Revenue Surprise</td>
<td>Q4 2023 Stock Performance</td>
</tr>
<tr>
<td>Range Resources</td>
<td>31.30%</td>
<td>2.25%</td>
<td>0%</td>
</tr>
<tr>
<td>Goodyear</td>
<td>30.60%</td>
<td>-5.08%</td>
<td>29.27%</td>
</tr>
<tr>
<td>Antero Resources</td>
<td>4.55%</td>
<td>2.93%</td>
<td>-6.24%</td>
</tr>
<tr>
<td>VF Corp</td>
<td>-28.70%</td>
<td>-9.20%</td>
<td>13.32%</td>
</tr>
<tr>
<td>Comstock Resources</td>
<td>-23.10%</td>
<td>3.04%</td>
<td>-16.43%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance-1024x576.png" alt="" class="wp-image-719143" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06042212/Stock-Performance.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Range Resources
<ul>
<li>Range Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is one of the top natural gas producers in the U.S. The company&#8217;s shares have risen by 16.44% over the last year.</li>
<li>It has several drilling locations with a significant presence in the Appalachian basin.</li>
<li>According to <a href="https://www.benzinga.com/quote/RRC/analyst-ratings">Benzinga</a>, 20 analysts tracking the company have a price target of $36.33 per share with a consensus &#8216;hold&#8217; rating.</li>
<li>The most recent ratings from Wells Fargo, Mizuho, and UBS, imply a 13.25% upside for Range Resources.</li>
<li>During the fourth quarter of the previous fiscal, Range&#8217;s earnings per share were 31.3% above expectations at $0.63 and its revenue was 2.25% above Benzinga&#8217;s <a href="https://www.benzinga.com/quote/RRC/earnings">estimates</a> of $699.60 million at $715.31 million.</li>
</ul>
Goodyear
<ul>
<li>Goodyear Tire And Rubber Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is an American tire manufacturer headquartered in Akron, Ohio. However, the stock has fallen by 36.11% over the last year.</li>
<li>WinterCommand Ultra is a winter tire made to be used in ice and snow conditions. Available in studded and non-studded versions, it is adaptable to various winter driving conditions.</li>
<li>According to <a href="https://www.benzinga.com/quote/GT/analyst-ratings">Benzinga</a>, the most recent ratings from Deutsche Bank, Morgan Stanley, and HSBC, imply a 50.62% upside for Goodyear.</li>
<li>Seasonally, during the fourth quarter of the previous fiscal, Goodyear reported earnings per share of $0.47, beating Benzinga&#8217;s consensus <a href="https://www.benzinga.com/quote/GT/earnings">estimate </a>of $.036, implying a 30.6% surprise on the upside. </li>
<li>On the other hand, its actual revenue missed the estimated revenue by 5.08% at $5.12 billion.</li>
</ul>
Antero Resources
<ul>
<li>Antero Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) mainly engaged in hydrocarbon exploration is also a natural gas producer.</li>
<li>The company has an investment-grade credit rating, indicating strong debt repayment positioning and liquidity. The shares have risen by 51.85% over the last year.</li>
<li>About 22 analysts tracked by <a href="https://www.benzinga.com/quote/AR/analyst-ratings">Benzinga </a>have a &#8216;hold&#8217; rating with a price target of $35.86 apiece.</li>
<li>The most recent ratings from Wells Fargo, Mizuho, and UBS, imply a 2.64% upside for Antero Resources.</li>
<li>During the fourth quarter of the previous fiscal, Antero&#8217;s earnings per share was 4.55% above expectations at $0.23 and its revenue was 2.93% above Benzinga&#8217;s <a href="https://www.benzinga.com/quote/AR/earnings">estimates </a>of $1.16 billion at $1.19 billion.</li>
</ul>
VF Corp
<ul>
<li>Winter clothing brand, the North Face owner VF Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) is headquartered in Denver, Colorado.</li>
<li>The company also owns brands like Vans, Timberland, Supreme, Dickies, JanSport, Nautica, etc. The shares have returned 22.10% over the last year.</li>
<li>According to <a href="https://www.benzinga.com/quote/VFC/analyst-ratings">Benzinga</a>, 23 analysts tracking the company have a price target of $19.45 per share with a consensus &#8216;hold&#8217; rating.</li>
<li>The most recent ratings from Argus Research, Guggenheim, and Truist Securities, imply a 13.48% upside for VF Cor.</li>
<li>Despite seasonality, in the third quarter of the previous fiscal, which includes the winter months, VFC&#8217;s earnings per share were 28.7% below expectations at $0.57 and its revenue was 9.20% below Benzinga&#8217;s <a href="https://www.benzinga.com/quote/VFC/earnings">estimates </a>of $3.26 billion at $2.96 billion.</li>
</ul>
Comstock Resources
<ul>
<li>Comstock Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) is yet another producer of natural gas with its operations spread across Haynesville Shale in North Louisiana and East Texas.</li>
<li>Comstock Oil and Gas, Pinnacle Gas Services, and Convey Park Management are a few of its subsidiaries. The company&#8217;s shares have risen by 98.43% over the last year.</li>
<li>About 15 analysts tracked by <a href="https://www.benzinga.com/quote/CRK/analyst-ratings">Benzinga </a>have a &#8216;hold&#8217; rating with a price target of $13.21 apiece.</li>
<li>According to Benzinga, the most recent ratings from Mizuho, Citigroup, and BofA Securities, imply a 9.16% downside for Comstock.</li>
<li>Seasonally, during the fourth quarter of the previous fiscal, Comstock reported earnings per share of $0.10, missing Benzinga&#8217;s consensus <a href="https://www.benzinga.com/quote/CRK/earnings">estimate </a>of $0.13, implying a 23.1% surprise on the downside. </li>
<li>On the other hand, its actual revenue was best the estimated revenue by 3.04% at $410.58 million.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42757901/elon-musk-fireworks-or-explosive-device-caused-fatal-cybertruck-incident-at-las-vegas-trump-hotel-vehicle-was-rented" target="_blank" rel="noreferrer noopener">Elon Musk: Fireworks Or Explosive Device Caused Fatal Cybertruck Incident At Las Vegas Trump Hotel</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Markets

Trading Ideas

General

Baby, It's Cold Outside: These 5 Winter-Ready Stocks Have What It Takes To Make You Feel Warm And Cozy

WIIM

AESI

AMTX

AROC

BROG

CRGY

CSAN

EQNR

EZFL

GPRE

MIND

NEHC

TRGP

VIST

Shares of oil and gas companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Mizuho analyst Nitin Kumar upgrades Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) from Underperform to Neutral and raises the price target from $10 to $18.

Upgrades

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

These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) stock rocketed 35.60% after the company announced it entered into a definitive agreement to be acquired by <a href="https://www.benzinga.com//node/42470172" target="_blank" rel="noreferrer noopener">Patient Square Capital</a><a href="https://www.benzinga.com//node/42470172" target="_blank" rel="noreferrer noopener"> for approximately $4.1 billion</a>.</li>
<li>NewAmsterdam Pharma Company N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMS#NASDAQ">NAMS</a>) shares jumped 34.55% after the company announced topline data from its <a href="https://www.benzinga.com//node/42418025" target="_blank" rel="noreferrer noopener">Phase 3 BROADWAY trial of Obicetrapib</a>.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) gained 21.38% last week following a report from <a href="https://www.benzinga.com//node/42489438" target="_blank" rel="noreferrer noopener">Sky News</a> indicating that Sycamore Partners has approached various potential lenders to fund a possible acquisition of <a href="https://www.benzinga.com//node/42421855" target="_blank" rel="noreferrer noopener">the company</a>.</li>
<li>NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) stock rose 19.49%. Piper Sandler maintained an Overweight rating and <a href="https://www.benzinga.com/quote/nvcr/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price target to $42</a>.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) shares surged 18.60% after the company reported quarterly<a href="https://www.benzinga.com//node/42474077" target="_blank" rel="noreferrer noopener"> results and raised its guidance</a>. Also, Baird maintained a Neutral rating on the stock and raised its price <a href="https://www.benzinga.com/quote/rh/analyst-ratings" target="_blank" rel="noreferrer noopener">target from $300 to $400</a>.</li>
<li>Pactiv Evergreen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTVE#NASDAQ">PTVE</a>) stock upped 17.71% after the company announced it would merge with Novolex, in which Pactiv <a href="https://www.benzinga.com//node/42387693" target="_blank" rel="noreferrer noopener">shareholders would receive $18.00 per share in cash</a>.</li>
<li>Comstock Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) shares escalated 15.70%.</li>
<li>ReNew Energy Global plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) stock rose 15.47% after the company announced it received a $7.07 share buyout proposal from a consortium including Masdar, CPP Investments, ADIA and founder Sumant Sinha <a href="https://www.benzinga.com//node/42438763" target="_blank" rel="noreferrer noopener">to acquire the remaining share capital</a>.</li>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) stock was up 15.15% after the company unveiled &#8220;Alaska Accelerate,&#8221; a strategy to boost profitability and <a href="https://www.benzinga.com//node/42420282" target="_blank" rel="noreferrer noopener">issued a strong FY25 outlook</a>. Analysts boosted the <a href="https://www.benzinga.com//node/42469812" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) stock upped 13.82%. Wolfe Research initiates coverage with an Outperform rating and a<a href="https://www.benzinga.com/quote/stvn/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast of $28</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/12/42499355/tesla-alphabet-and-broadcom-are-among-top-large-cap-gainers-last-week-december-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Tesla, Alphabet And Broadcom Are Among Top Large Cap Gainers Last Week (December 9-13): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/12/42499466/super-micro-computer-adobe-and-nucor-are-among-top-large-cap-losers-last-week-december-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Super Micro Computer, Adobe And Nucor Are Among Top Large Cap Losers Last Week (December 9-13): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Shutterstock

Mid Cap

Movers

NAMS

NVCR

PDCO

PTVE

STVN

Walgreens Boots Alliance, Alaska Air And RH Are Among Top Mid-Cap Gainers Last Week (December 9-13): Are The Others In Your Portfolio?

5 analysts have expressed a variety of opinions on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $12.1, a high estimate of $15.50, and a low estimate of $10.00. This upward trend is evident, with the current average reflecting a 13.94% increase from the previous average price target of $10.62.
<img src="https://www.benzinga.com/files/images/story/2024/1733515256_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Comstock Resources by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Diamond</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.50</td>
<td>$12.50</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$11.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$10.00</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Comstock Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Comstock Resources compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Comstock Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Comstock Resources's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CRK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Comstock Resources analyst ratings.</a>
<h2>Delving into Comstock Resources's Background</h2>
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.
<h3>Breaking Down Comstock Resources's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Challenges: Comstock Resources's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -19.18%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Comstock Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -9.49%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Comstock Resources's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.25%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Comstock Resources's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.46%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Comstock Resources's debt-to-equity ratio stands notably higher than the industry average, reaching 1.32. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 5 Ratings For Comstock Resources

Citigroup analyst Paul Diamond maintains Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Neutral and raises the price target from $12.5 to $15.5.

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

ACDC

ARCH

CIVI

CTRA

DINO

GPOR

HNRG

INVX

KNTK

LBRT

MTDR

PARR

PTEN

SDRL

TALO

USAC

WFRD

Shares of oil and fossil fuel companies are trading higher following the US presidential election. Investors may be weighing the potential impact of Donald Trump's energy policies on the sector.

Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) reported quarterly losses of $(0.17) per share which missed the analyst consensus estimate of $(0.16) by 6.25 percent. This is a 525 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $304.47 million which missed the analyst consensus estimate of $321.54 million by 5.31 percent. This is a 19.18 percent decrease over sales of $376.74 million the same period last year.

Earnings

Earnings Misses

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

Across the recent three months, 5 analysts have shared their insights on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $10.0, a high estimate of $14.00, and a low estimate of $5.00. This current average has increased by 5.26% from the previous average price target of $9.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1730138436_0_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Comstock Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$11.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$10.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$5.00</td>
<td>$8.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Comstock Resources. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Comstock Resources compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Comstock Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Comstock Resources analyst ratings.</a>
<h2>Discovering Comstock Resources: A Closer Look</h2>
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.
<h3>Breaking Down Comstock Resources's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Comstock Resources faced challenges, resulting in a decline of approximately -14.36% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Comstock Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -51.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -5.3%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Comstock Resources's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.0%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Comstock Resources's debt-to-equity ratio surpasses industry norms, standing at 1.27. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Comstock Resources: 5 Analysts Share Their Views

B of A Securities analyst Kalei Akamine initiates coverage on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Buy rating and announces Price Target of $14.

B of A Securities Initiates Coverage On Comstock Resources with Buy Rating, Announces Price Target of $14

As of Oct. 8, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">RPC Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>)</h3>
<ul>
<li>RPC said it will release its financial results for the third quarter ended Sept. 30 on Thursday, Oct. 24, before the market opens. The company's stock gained around 12% over the past five days and has a <a href="https://www.benzinga.com/quote/RES">52-week high of $9.26</a>.</li>
<li>RSI Value: 70.47&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>RES Price Action: Shares of RPC gained 2% to close at $7.14 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Comstock Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>)</h3>
<ul>
<li>On Oct. 4, BMO Capital analyst Phillip Jungwirth maintained Comstock Resources with a Market Perform and raised the price target from $10 to $11. The company's stock gained around 30% over the past month and <a href="https://www.benzinga.com/quote/CRK">has a 52-week high</a> of $13.39.</li>
<li>RSI Value: 71.45</li>
<li>CRK Price Action: Shares of Comstock rose 0.3% to close at $12.09 on Monday.</li>
</ul>
Read More: 
<ul>
<li>D<a href="https://www.benzinga.com/news/earnings/24/10/41221716/dow-dips-around-400-points-as-treasury-yields-top-4-investor-optimism-declines-but-fear-index-remai">ow Dips Around 400 Points As Treasury Yields Top 4%: Investor Optimism Declines, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Short Ideas

Pre-Market Outlook

Top 2 Energy Stocks You May Want To Dump In Q4

BMO Capital analyst Phillip Jungwirth maintains Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Market Perform and raises the price target from $10 to $11.

BMO Capital Maintains Market Perform on Comstock Resources, Raises Price Target to $11

Across the recent three months, 4 analysts have shared their insights on Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $8.5, a high estimate of $10.00, and a low estimate of $5.00. Highlighting a 5.56% decrease, the current average has fallen from the previous average price target of $9.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1727708456_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Comstock Resources's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$10.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$5.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$9.00</td>
<td>$8.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Comstock Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Comstock Resources compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Comstock Resources's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Comstock Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Comstock Resources analyst ratings.</a>
<h2>Delving into Comstock Resources's Background</h2>
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.
<h3>Comstock Resources's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Comstock Resources's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -14.36%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Comstock Resources's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -51.17%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -5.3%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Comstock Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.0%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.27, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 4 Analyst Recommendations For Comstock Resources

Truist Securities analyst Neal Dingmann maintains Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) with a Hold and raises the price target from $9 to $10.

Truist Securities Maintains Hold on Comstock Resources, Raises Price Target to $10

The U.S. Energy Department&#39;s latest inventory report showed a slightly larger-than-expected increase in natural gas supplies. Despite this bearish data, futures ended the week higher, driven by forecasts for strong cooling demand.
However, natural gas remains down year to date, facing persistent challenges as the market reacts sharply to unpredictable weather patterns. Investors should focus on resilient stocks like Range Resources&nbsp;and Coterra Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctra#NYSE">CTRA</a>), while it may be wise to avoid higher-risk options like Comstock Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crk#NYSE">CRK</a>) amid the prevailing market instability.
<h2>Natural Gas Build Larger Than Market Expectations</h2>
Stockpiles held in underground storage in the lower 48 states rose 58 billion cubic feet (Bcf) for the week ended Sept. 13, slightly above analysts&#39; guidance of a 57 Bcf addition. The increase compared with the five-year (2019-2023) average net injection of 80 Bcf and last year&#39;s growth of 62 Bcf for the reported week.
The weekly build put total natural gas stocks at 3,445 Bcf, which is 194 Bcf (6%) above the 2023 level and 274 Bcf (8.6%) higher than the five-year average.
The total supply of natural gas averaged 107.2 Bcf per day, down 0.6 Bcf per day on a weekly basis, due to lower shipments from Canada and falling dry production.
Meanwhile, daily consumption dropped to 95.4 Bcf from 96.6 Bcf in the previous week, mainly reflecting weakness in residential/commercial usage and a dip in deliveries to U.S. LNG export facilities.
<h2>Natural Gas Prices Still Finish Higher</h2>
Natural gas prices climbed last week, despite a slightly unfavorable inventory build. October futures closed at $2.434 on the New York Mercantile Exchange, marking a 5.4% increase, driven mainly by warmer weather forecasts. This is the fourth consecutive weekly rise, yet natural gas remains down more than 20% over the past three months. This follows a 47% surge in April and May. Prices even dipped to a four-month low of $1.88 in late August, underscoring the market&#39;s ongoing volatility.
Natural gas prices remain pressured by strong production, high stockpiles, and weak demand due to mild weather. Current inventories are significantly above last year&#39;s levels and the five-year average, signaling a bearish outlook. In response, companies like APA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apa#NASDAQ">APA</a>) and EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) are scaling back drilling activities. APA plans to reduce natural gas output by 90 million cubic feet per day (MMcf/d) in Q3, following a 78 MMcf/d cut in Q2 due to low price realizations. Meanwhile, EQT, the largest U.S. natural gas producer, will maintain a daily production cut of 0.5 billion cubic feet through the year&#39;s second half.
Ironically, several companies had just resumed production that was deferred during the April-May price recovery, but the increased output quickly pushed prices down again, highlighting the market&#39;s fragility.
On the demand side, steady LNG feed gas deliveries continue to provide a strong boost for natural gas. U.S. LNG exports remain solid, fueled by environmental policies and Europe&#39;s push to reduce reliance on Russian gas amid the Ukraine conflict. As winter approaches, the global LNG market anticipates strong demand.
<h2>What Should Investors Do with Natural Gas Stocks?</h2>
The natural gas market continues to struggle with oversupply, still feeling the effects of a challenging 2023 when prices briefly dipped below $2 for the first time since 2020.
A short-lived rally, driven by favorable weather and reduced production, offered temporary relief. However, prices have since declined again, leading producers to cut output further.
In this volatile environment, with shifts in weather and production dynamics, investors should remain cautious. Focusing on fundamentally strong stocks like Range Resources and Coterra Energy may offer more stability amid the uncertainty.
Range Resources: The company is an U.S. independent natural gas producer with operations focused in the Appalachian Basin. Range Resources&#39; large contiguous acreage position provides more than 30 years of low-breakeven, high-return inventory. This Zacks Rank #3 (Hold) company produced an average of 2,152.9 million cubic feet equivalent daily from these assets in the second quarter of 2024 &mdash; 69% natural gas.
Range Resources beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 31.6%. Valued at around $7.4 billion, RRC has risen 8% in a year.
Coterra Energy: It is an independent upstream operator primarily engaged in the exploration, development and production of natural gas. Headquartered in Houston, TX, the firm owns some 183,000 net acres in the gas-producing Marcellus Shale of the Appalachian Basin. This #3 Ranked company churned out an average of 2,779.8 million cubic feet daily of the commodity from these assets in the June quarter.
Coterra beat the Zacks Consensus Estimate for earnings in two of the trailing four quarters and missed in the other two, the average being 5.9%. Valued at around $17.5 billion, CTRA has risen 5.4% in a year.
On the other hand, companies like Comstock Resources appear risky in the near term. CRK is a leading independent natural gas producer with operations focused on the Haynesville Shale in North Louisiana and East Texas.
Reflecting the negative sentiment around natural gas, the Zacks Consensus Estimate for the Zacks Rank #5 (Strong Sell) company&#39;s EPS has seen downward revisions. Over the past 30 days, analysts have lowered their estimates for both the current quarter and fiscal year by 30% and 12%, respectively.
<a href="https://www.zacks.com/stock/news/2340098/2-natural-gas-stocks-worth-a-closer-look-amid-price-volatility?cid=CS-BENZ-FT-analyst_blog|industry_focus-2340098">To read this article on Zacks.com click here.</a>

Large Cap

Guidance

2 Natural Gas Stocks Worth a Closer Look Amid Price Volatility

Rumors

Hearing KeyBanc Reports Jerry Jones Could Be Taking Comstock Resources Private Through An All-Out Buyout

Comstock Resources: Valuation Is Getting Lofty Despite Improved Near-Term Natural Gas Prices

Siebert Williams Shank & Co analyst Gabriele Sorbara downgraded Comstock Resources (CRK – Research Report) to a Sell on January 3 and set a price t...

Siebert Williams Shank & Co downgrades Comstock Resources (CRK) to a Sell

Morgan Stanley initiated coverage of Comstock Resources (CRK) with an Equal Weight rating and $18 price target amid a broader research note on the ...

Comstock Resources initiated with an Equal Weight at Morgan Stanley

Comstock Resources: Operating In The Swing Basin

Truist raised the firm's price target on Comstock Resources (CRK) to $19 from $11 and keeps a Hold rating on the shares as part of a broader resear...

Comstock Resources price target raised to $19 from $11 at Truist

Civitas started Overweight at Morgan Stanley on peer-leading free cash flow yield

Morgan Stanley raised the firm's price target on Comstock Resources (CRK) to $21 from $18 and keeps an Equal Weight rating on the shares. The firm,...

Comstock Resources price target raised to $21 from $18 at Morgan Stanley

Roth MKM raised the firm's price target on Comstock Resources (CRK) to $19 from $11 and keeps a Neutral rating on the shares as part of a broader r...

Comstock Resources price target raised to $19 from $11 at Roth MKM

Bearish flow noted in Comstock Resources (CRK) with 3,594 puts trading, or 7x expected. Most active are Mar-25 15 puts and Mar-25 18 puts, with tot...

Comstock Resources put volume heavy and directionally bearish

Analysts have been eager to weigh in on the Energy sector with new ratings on Baker Hughes Company (BKR – Research Report) and Comstock Resources (...

Analysts Conflicted on These Energy Names: Baker Hughes Company (BKR) and Comstock Resources (CRK)

CHRD

TRMLF

Press Releases

COMSTOCK RESOURCES, INC. ANNOUNCES PRIVATE OFFERING OF 6.75% SENIOR NOTES DUE IN 2029

COMSTOCK RESOURCES, INC. ANNOUNCES UPSIZE AND PRICING OF $400.0 MILLION OFFERING OF SENIOR NOTES DUE 2029

COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS DATE AND  CONFERENCE CALL INFORMATION

COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS

COMSTOCK RESOURCES, INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS DATE AND  CONFERENCE CALL INFORMATION

COMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2024 FINANCIAL AND OPERATING RESULTS

WhiteHawk Energy Announces Natural Gas Mineral and Royalty Acquisition of 435,000 Gross Unit Acres in Core of Marcellus Shale

COMSTOCK RESOURCES, INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS DATE AND  CONFERENCE CALL INFORMATION

COMSTOCK RESOURCES, INC. REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS

COMSTOCK RESOURCES, INC. ANNOUNCES FOURTH QUARTER 2024 EARNINGS DATE AND CONFERENCE CALL INFORMATION

Antero Resources Corporation Common Stock

Antero Resources

Chord Energy

Civitas Resources

CNX Resources

ConocoPhillips

California Resources Corporation Common Stock

California Resources

Coterra Energy

Devon Energy

EOG Resources

Expand Energy

Diamondback Energy

Hess

Magnolia Oil & Gas Corporation Class A Common Stock

Magnolia Oil & Gas

Matador Resources

Ovintiv

Permian Resources Corporation Class A Common Stock

Permian Resources

Range Resources

SM Energy

Texas Pacific Land Corporation Common Stock

Texas Pacific Land

Venture Global, Inc. Class A common stock

Venture Global

Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value

Vista Energy

Viper Energy, Inc. - Class A Common Stock

Viper Energy

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

Comments

Comstock Resources

ニュース

最新ニュース Comstock Resources (NYSE:CRK) 株価情報

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル