Comstock Resources
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. Its oil and gas operations are concentrated in Louisiana and Texas.
Employees: 256
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
204% more call options, than puts
Call options by funds: $113M | Put options by funds: $37.4M
61% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 28
59% more capital invested
Capital invested by funds: $1.03B [Q3] → $1.64B (+$607M) [Q4]
6% more funds holding
Funds holding: 240 [Q3] → 254 (+14) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]
0.86% less ownership
Funds ownership: 31.58% [Q3] → 30.72% (-0.86%) [Q4]
28% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 89
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Piper Sandler Mark Lear 40% 1-year accuracy 67 / 169 met price target | 68%downside $6 | Underweight Maintained | 29 Jan 2025 |
Truist Securities Neal Dingmann 20% 1-year accuracy 29 / 148 met price target | 3%upside $19 | Hold Maintained | 13 Jan 2025 |
Morgan Stanley Devin McDermott 30% 1-year accuracy 8 / 27 met price target | 2%downside $18 | Equal-Weight Initiated | 10 Jan 2025 |
Mizuho Nitin Kumar 31% 1-year accuracy 21 / 68 met price target | 2%downside $18 | Neutral Upgraded | 16 Dec 2024 |
Financial journalist opinion
Based on 9 articles about CRK published over the past 30 days
