Comstock Resources
About: 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.
Employees: 251
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 34
21% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $20.5M
6% more capital invested
Capital invested by funds: $976M [Q1] → $1.04B (+$61.7M) [Q2]
3% more funds holding
Funds holding: 246 [Q1] → 254 (+8) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 79
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
138.54% less ownership
Funds ownership: 172.73% [Q1] → 34.19% (-138.54%) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
BMO Capital Phillip Jungwirth 45% 1-year accuracy 5 / 11 met price target | 8%downside $11 | Market Perform Maintained | 4 Oct 2024 |
Truist Securities Neal Dingmann 53% 1-year accuracy 72 / 136 met price target | 16%downside $10 | Hold Maintained | 30 Sept 2024 |
Mizuho Nitin Kumar 32% 1-year accuracy 23 / 73 met price target | 16%downside $10 | Underperform Maintained | 16 Sept 2024 |
Piper Sandler Mark Lear 54% 1-year accuracy 7 / 13 met price target | 58%downside $5 | Underweight Downgraded | 15 Aug 2024 |
Truist Securities Neal Dingmann 53% 1-year accuracy 72 / 136 met price target | 24%downside $9 | Hold Maintained | 22 Jul 2024 |