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Comstock Resources

CRK

Market cap $4.2B

14.30 USD

-0.48

3.25%

At close Updated Sep 14, 4:00 PM EDT

Pre-market

After hours

14.35

+0.05

0.35%

1 day

-3.25%

5 days

-7.74%

1 month

1.71%

3 months

9.58%

6 months

-30.31%

Year to date

-39.36%

1 year

-11.95%

5 years

65.7%

10 years

84.04%

About: Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas 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. The company's oil and gas operations are concentrated in Louisiana and Texas.

Employees: 252

Energy Oil & Gas Exploration & Production

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 51.9%

Neutral 29.6%

Negative 18.5%

Comstock Resources: SOCAR And Jones Family Deals Substantially Improve Its Financial Outlook

Comstock's SOCAR and Jones deals reduce its projected year-end 2027 net debt from around $4 billion to under $2 billion. This relieves financial pressure as it attempts to work on its Western Haynesville economics. The SOCAR deal appears to be around 7x EBITDAX at $3.30 NYMEX natural gas.

Comstock Resources: SOCAR And Jones Family Deals Substantially Improve Its Financial Outlook

Comstock Resources: SOCAR Deal And Jones JV A Strong Vote Of Confidence Yet Risks Remain

Comstock Resources (CRK) retains a Buy rating, suitable only for aggressive, risk-tolerant investors due to ongoing free cash flow outspend through 2027. Recent SOCAR and Jones JV deals inject $1.65 billion in cash, reduce leverage, and provide $450 million in drilling cost coverage, easing near-term liquidity risk. Comstock's investment case hinges on structurally higher US natural gas prices and significant D&C cost reductions in the Western Haynesville by late 2027.

Comstock Resources: SOCAR Deal And Jones JV A Strong Vote Of Confidence Yet Risks Remain

Comstock Resources: A Potential Unexpected Step Forward Surprises The Market

Comstock Resources announces a $400M+ JV with the Jerry Jones family and a preliminary deal to halve its debt via $1.65B in gross proceeds. CRK is trading legacy Haynesville and Pinnacle interests for financial flexibility to drive cost reductions in Western Haynesville. Management and major shareholder Jerry Jones see potential for substantial value creation.

Comstock Resources: A Potential Unexpected Step Forward Surprises The Market

Zacks Investment Research

$1.65B SOCAR Deal & $450M JV Strengthen CRK's Financials & Growth

Comstock's $1.65B SOCAR deal and $450M drilling JV aim to cut debt, fund Haynesville growth and expand natural gas marketing.

$1.65B SOCAR Deal & $450M JV Strengthen CRK's Financials & Growth

Comstock plans to cut debt with $1.65 billion Haynesville stake sale to Azerbaijan's SOCAR

Comstock Resources on Tuesday said it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan's SOCAR for $1.65 ‌billion in cash, as the U.S. natural gas producer aims to reduce its debt.

Comstock plans to cut debt with $1.65 billion Haynesville stake sale to Azerbaijan's SOCAR

Schaeffers Research

Move Active Options Report: GPRO, NVS, CRK, HWM, FRVO

GoPro Inc (NASDAQ:GPRO) stock is up 72.3% at $1.51, extending its two-day surge after Markiplier disclosed an 8.5% stake worth $9 million.

Move Active Options Report: GPRO, NVS, CRK, HWM, FRVO

COMSTOCK ANNOUNCES $1.65 BILLION STRATEGIC PARTNERSHIP WITH SOCAR AND $450 MILLION DRILLING JOINT VENTURE WITH JERRY JONES

FRISCO, TX, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE and NYSE Texas: CRK) ("Comstock" or the "Company") announced today that it has entered into a letter of intent with the State Oil Company of the Azerbaijan Republic ("SOCAR") under which SOCAR or a wholly owned subsidiary of SOCAR would acquire, subject to the terms of the letter of intent and a definitive purchase and sale agreement, (i) a non-operated working interest representing 20% of Comstock's interest in its Legacy Haynesville upstream assets, (ii) a non-operated working interest equal to 15% of Comstock's interest in its Western Haynesville upstream assets, reducing to 7.5% after five years and once SOCAR has achieved a 15% return on investment in those assets, and (iii) 15% of Comstock's 73% ownership interest in Pinnacle Gas Services LLC, which provides midstream services to the Western Haynesville, for an aggregate purchase price of $1.65 billion in cash, subject to customary purchase price adjustments. The letter of intent binds the parties to negotiate in good faith a definitive purchase and sale agreement, with the parties targeting execution by October 31, 2026, and a closing by year end, in each case subject to the progress of negotiations. Closing will be subject to customary conditions, including any required government and third-party approvals. The transaction will have an effective date of July 1, 2026.

COMSTOCK ANNOUNCES $1.65 BILLION STRATEGIC PARTNERSHIP WITH SOCAR AND $450 MILLION DRILLING JOINT VENTURE WITH JERRY JONES

Zacks Investment Research

Comstock (CRK) Up 15.1% Since Last Earnings Report: Can It Continue?

Comstock (CRK) reported earnings 30 days ago. What's next for the stock?

Comstock (CRK) Up 15.1% Since Last Earnings Report: Can It Continue?

Zacks Investment Research

Is CRK Stock Worth Buying Despite Heavy Spending and Weak Estimates?

Comstock's improving production and deep inventory offer upside, but heavy spending, leverage and weaker estimates keep the near-term case in check.

Is CRK Stock Worth Buying Despite Heavy Spending and Weak Estimates?

3 Contrarian Trades for a Market That Looks Too Hot

With major indexes near all-time highs and the rally expanding into more corners of the market, TradeSmith's Jeff Clark says those opportunities have become harder to find. That has pushed the longtime options trader into a more defensive position as the market heads toward September and October, historically challenging months for stocks.

3 Contrarian Trades for a Market That Looks Too Hot

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