Comstock Resources Stock News

SPDR S&P Oil & Gas Exploration & Production ETF (XOP) topped the list of the best-performing U.S. equity ETFs in January, gaining about 23%.

FRISCO, TX, March 30, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) announces its plan to release first quarter 2022 results on May 3, 2022 after the market closes and host its quarte

FRISCO, TX, March 30, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) announces its plan to release first quarter 2022 results on May 3, 2022 after the market closes and host its quarterl

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest

Comstock Resources stock (CRK) has been rocketing upward this year and has quickly produced big gains on my position.

Comstock Resources found using ticker (CRK) have now 12 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 19 and 7.5 with a mean TP of 12.4. Given that the stocks previous close was at 9.52 this indicates there is a potential upside of 30.3%. The 50 day moving average now sits at 8.18 while the 200 day moving average is 7.74. The market cap for the company is $2,306m. You can visit the company''s website by visiting: https://www.comstockresources.com [stock_market_widget type="chart" template="basic" color="green" assets=CRK" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,004m based on the market concensus. Comstock Resources, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

High oil and gas prices to persist throughout 2022. Natural gas Inventories dropping to record lows.

Comstock should be able to generate over $600 million in positive cash flow in 2022 at current strip.

CRK earnings call for the period ending December 31, 2021.

CRK earnings call for the period ending December 31, 2021.

Comstock Resources, Inc. (CRK) CEO Jay Allison on Q4 2021 Results - Earnings Call Transcript

Comstock (CRK) delivered earnings and revenue surprises of -7.50% and 44.25%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?