Comstock Resources (CRK)

Company Profile

Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas.

Company profile

Ticker

CRK

Exchange

NYSE

Website

www.comstockresources.com

CEO

M. Jay Allison

Incorporated

Nevada

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Devon Energy • Chesapeake Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv • California Resources • Murphy Oil ...

SEC CIK

0000023194

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Comstock Oil & Gas, LLC • Comstock Oil & Gas – Louisiana, LLC • Comstock Oil & Gas – Louisiana Holdings, LLC • Comstock Gas Services LLC • Pinnacle Gas Treating LLC • (1)100% owned by Comstock Oil & Gas, LLC ...

IRS number

941667468

CRK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$14.17

Low target

$11.00

High target

$21.00

CORRECTION: Credit Suisse

Latest filings (excl ownership)

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17 Feb 23

Comstock Resources, Inc. Reports Fourth Quarter 2022 Financial and Operating Results

14 Feb 23

8-K

Comstock Resources, Inc. Announces 9% Proved Reserve Growth In 2022

Departure of Directors or Certain Officers

28 Nov 22

8-K

Entry into a Material Definitive Agreement

3 Nov 22

Comstock Resources, Inc. Reports Third Quarter 2022 Financial and Operating Results and Announces Reinstatement of Quarterly Dividend

4 Aug 22

Comstock Resources, Inc. Reports Second Quarter 2022 Financial and Operating Results

1 Aug 22

Transcripts

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CRK

Earnings call transcript

2022 Q4

15 Feb 23

CRK

Earnings call transcript

2022 Q3

2 Nov 22

CRK

Earnings call transcript

2022 Q2

2 Aug 22

CRK

Earnings call transcript

2022 Q1

5 May 22

CRK

Earnings call transcript

2021 Q4

16 Feb 22

CRK

Earnings call transcript

2021 Q3

3 Nov 21

CRK

Earnings call transcript

2021 Q2

4 Aug 21

CRK

Earnings call transcript

2021 Q1

6 May 21

CRK

Earnings call transcript

2020 Q4

17 Feb 21

CRK

Earnings call transcript

2020 Q3

7 Nov 20

Latest ownership filings

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ROLAND O BURNS

24 Mar 23

Brian Christopher Claunch

15 Mar 23

Patrick McGough

15 Mar 23

Lori Ann Arendt Kanaman

Clifford Doyle Newell III

12 Dec 22

MORRIS E FOSTER

12 Dec 22

Clifford Doyle Newell III

5 Dec 22

Financial summary

Financial statements Chart CRK financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q4 2022

CRK institutional ownership history Ownership history

99.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	244	226	+8.0%
Opened positions	51	48	+6.3%
Closed positions	33	36	-8.3%
Increased positions	85	74	+14.9%
Reduced positions	70	72	-2.8%

13F shares	Current	Prev Q	Change
Total value	1.14 tn	2.51 bn	+45185.1%
Total shares	276.83 mm	268.40 mm	+3.1%
Total puts	2.10 mm	1.73 mm	+21.4%
Total calls	1.62 mm	1.71 mm	-5.1%
Total put/call ratio	1.3	1.0	+27.9%

Largest owners	Shares	Value	Change
Jones Jerral W.	182.32 mm	$1.13 bn	0.0%
Vanguard	10.01 mm	$137.29 bn	+2.4%
Covey Park	10.01 mm	$62.58 mm	0.0%
STT State Street	8.62 mm	$118.17 bn	NEW
BLK Blackrock	6.56 mm	$89.89 bn	+8.1%
Dimensional Fund Advisors	4.89 mm	$67.40 bn	-15.6%
D. E. Shaw & Co.	4.85 mm	$66.46 bn	+1.1%
Key	4.62 mm	$63.34 bn	+23.3%
BK Bank Of New York Mellon	3.29 mm	$45.15 bn	+35.1%
Millennium Management	2.86 mm	$39.48 bn	+1460.0%

Largest transactions	Shares	Bought/sold	Change
STT State Street	8.62 mm	+8.62 mm	NEW
Third Point	0.00	-3.00 mm	EXIT
Millennium Management	2.86 mm	+2.68 mm	+1460.0%
Two Sigma Investments	549.54 k	-1.85 mm	-77.1%
Aventail Capital	1.89 mm	+1.24 mm	+190.0%
Dimensional Fund Advisors	4.89 mm	-904.81 k	-15.6%
Bridgeway Capital Management	0.00	-896.40 k	EXIT
Key	4.62 mm	+872.51 k	+23.3%
BK Bank Of New York Mellon	3.29 mm	+854.73 k	+35.1%
Cooper Creek Partners Management	847.00 k	+847.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CRK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Mar 23	Burns Roland O	Common Stock	Buy	Acquire P	No	No	9.8988	10,000	98.99 k	960,430
23 Mar 23	Burns Roland O	Common Stock	Buy	Acquire P	No	No	10	10,000	100.00 k	950,430
15 Mar 23	Brian Christopher Claunch	Common Stock	Buy	Acquire P	No	No	10.08	5,000	50.40 k	36,764
15 Mar 23	McGough Patrick	Common Stock	Buy	Acquire P	No	No	10.05	20,000	201.00 k	126,337
16 Jan 23	Lori Ann Arendt Kanaman	Common Stock	Sale back to company	Dispose D	No	No	0	6,922	0.00	0