2024 Accomplishments - Natural gas prices averaged $1.98 per Mcf, a 30-year low excluding 2020[6] - The company increased its hedging program, improving realized gas price by 20% in 2024 and targeting 50% of expected production for 2025 and 2026[6] - The company added $100.5 million through an equity private placement and enhanced liquidity with a $400 million senior notes offering[6] - The company more than doubled its Western Haynesville acreage by adding 265,000 net acres at a cost of $401 per acre[6] - The company's drilling program replaced 170% of 2024 production and drove 6% reserve growth with 899 Bcfe of drilling related proved reserve additions, achieving an overall finding cost of $1.00 per Mcfe[6] Drilling and Efficiency - The company completed its first horseshoe well, the Sebastian 11 5, with a 9,382-foot lateral and a 31 MMcf per day initial production rate[11] - D&C costs for two 9,200-foot horseshoe laterals is $32 million or $1,740 per lateral foot, resulting in D&C Savings of $530 per lateral foot or 23%[11] - 13 operated Legacy Haynesville wells were turned to sales in Q1 2025 with an average lateral length of 12,367 ft and an average IP rate of 24 Mmcf/d[25] - One operated Western Haynesville well was turned to sales in Q1 2025 with a lateral length of 10,306 ft and an IP rate of 41 Mmcf/d[29] Financials and Outlook - The company spent $902 million in 2024 to add 899 Bcfe of Proved Reserves achieving all in finding costs of $1.00 per Mcfe[58] - As of March 31, 2025, the company had $33 million in cash and cash equivalents and $3.099 billion in total debt[62] - The company has strong financial liquidity of $1.0 billion[73]

Weather Forecasting and AI - The evolution of weather forecasting has transitioned from manual observation to advanced computer models, with AI significantly enhancing accuracy [2][20][21] - AI systems, like those developed by Google's DeepMind, outperform traditional models in 90% of tested cases, indicating a shift towards data-driven predictions [21] Financial Market Modeling - TradeSmith has developed an AI-powered system, TradeSmithGPT, which models market movements based on millions of financial data points, predicting optimal trading windows for stocks [4][5][22] - The system boasts a 75% accuracy rate for target prices, leveraging data to create real-world models of market behavior [22] Stock Picks and Market Trends - Comstock Resources Inc. (CRK) is projected to rise by 22% in the next 30 days, supported by an 85.2% historical target accuracy from TradeSmith's model [7][8] - e.l.f. Beauty Inc. (ELF) is expected to see a 15% upside due to its reliance on TikTok for marketing and recent positive developments regarding U.S.-China relations [15] - Robinhood Markets Inc. (HOOD) is forecasted to have a 13% upside, driven by its significant revenue from cryptocurrency trades, which accounted for 43% of total transaction-based revenues in Q1 2025 [16][17] Market Conditions and Investor Sentiment - Recent geopolitical events have led to an 18% increase in crude oil prices and a 27% rise in natural gas prices, impacting energy markets [7] - The share of bullish investors has increased to 37%, up from 21% in April, indicating improving investor sentiment [26]

Group 1: Stock Performance - Comstock Resources (CRK) shares increased by 9.1% to $28.86 in the last trading session, matching the same percentage gain over the past four weeks, with higher-than-average trading volume [1] - The stock price surge was influenced by Wolfe Research upgrading CRK from "Peer Perform" to "Outperform" and raising the price target to $34, indicating stronger long-term prospects for the company [2] Group 2: Company Developments - CRK's upgrade was based on positive developments, including successful resource expansion in the Western Haynesville region, recent land acquisitions, and technical improvements that have opened new drilling opportunities [2] - Encouraging well results suggest higher resource density and a larger inventory of future drilling sites, which are key drivers for future growth [2] - Analysts adjusted their valuation approach to emphasize the long-term resource base value, reflecting confidence in CRK's ability to benefit from expected natural gas price increases over the next year and a half [2] Group 3: Earnings Expectations - Comstock is expected to report quarterly earnings of $0.16 per share, representing a year-over-year increase of 180%, with revenues projected at $423.99 million, up 71.8% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Group 4: Industry Context - Comstock is part of the Zacks Oil and Gas - Exploration and Production - United States industry, which includes other companies like Viper Energy Partners (VNOM) [4] - VNOM's consensus EPS estimate has changed by +10.5% over the past month to $0.32, representing a decline of 47.5% from the previous year [5]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [3] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6][7] - Value Score identifies undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [5] - Momentum Score capitalizes on existing price trends and earnings outlook [6] - VGM Score combines all three styles to provide a comprehensive evaluation of stocks [7] Zacks Rank and Performance - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investment decisions [8] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores for effective selection [10] Stock Example: Comstock Resources - Comstock Resources, Inc. is an independent oil and gas exploration and production company primarily operating in Texas and Louisiana [13] - The company currently holds a 3 (Hold) Zacks Rank with a VGM Score of B [13] - Comstock Resources has a Momentum Style Score of B, with shares increasing by 4.5% over the past four weeks [14] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate rising by $0.18 to $0.73 per share [14] - The company has an impressive average earnings surprise of 172.2%, making it a noteworthy option for investors [14]

Core Viewpoint - Comstock Resources, Inc. is set to release its second quarter 2025 financial results on July 30, 2025, after market close, followed by a conference call on July 31, 2025, at 10:00 a.m. CT to discuss these results [1]. Group 1 - The conference call will require participants to register online to receive the dial-in number and personal PIN [2]. - Participants are advised to join the call at least 15 minutes early for a timely connection [2]. - The conference call will also be available in listen-only mode via a live broadcast on the company's website [3]. Group 2 - A replay of the conference call will be accessible for twelve months starting at 1:00 p.m. CT on July 31, 2025 [3]. - Comstock Resources is recognized as a leading independent natural gas producer, focusing on the Haynesville Shale development in North Louisiana and East Texas [4]. - A slide show presentation detailing the financial results will be available on Comstock's website under the "Quarterly Results" section [4].

Core Viewpoint - The increasing demand for clean energy is driving investor interest in natural gas stocks, as natural gas emits lower emissions compared to crude oil and coal while providing similar energy output [1] Group 1: Natural Gas Market Outlook - The U.S. Energy Information Administration (EIA) forecasts the natural gas spot price to reach $4.10 per million BTU this year, a significant increase from $2.20 last year, primarily due to rising LNG exports and increased demand from the electric power sector [2] - EQT Corporation reported that natural gas demand remained resilient during the COVID-19 pandemic, with industrial usage declining by less than 1 billion cubic feet per day, indicating the commodity's essential role in heating, cooking, and electricity production [3] Group 2: Investment Opportunities - Upstream energy companies are incentivized to increase exploration and production of natural gas due to favorable pricing and resilient demand, leading to greater needs for transportation and storage from midstream players [4] - Investors are encouraged to consider natural gas producers and midstream companies, specifically Comstock Resources, Inc. (CRK) and Energy Transfer LP (ET), both rated with a Zacks Rank 2 (Buy) [5] Group 3: Company-Specific Insights - Comstock Resources (CRK) is well-positioned to benefit from the favorable pricing environment, with a significant drilling inventory across the Haynesville and Bossier zones, ensuring over three decades of drilling activity [6] - Energy Transfer (ET) is poised to gain from the expansion of energy-hungry data centers in Texas, driven by demand for AI and cloud computing, and has secured a natural gas supply agreement with CloudBurst, an AI-focused data center project [7]

Core Viewpoint - Comstock Resources (CRK) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects growing optimism among analysts regarding Comstock's earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is projected at $0.16 per share, indicating a year-over-year increase of +180%. Over the last 30 days, the Zacks Consensus Estimate has risen by 49.54% due to two upward revisions and two downward revisions [6]. - For the full year, the earnings estimate is expected to be $0.76 per share, representing a year-over-year change of +416.67%. The consensus estimate has increased by 11.3% during this period, despite three negative revisions [7][8]. Zacks Rank - Comstock has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions that suggest strong potential for earnings growth. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3]. Stock Performance - Comstock shares have increased by 23.4% over the past four weeks, reflecting investor confidence in the company's earnings growth prospects [10].

Company Overview - Comstock Resources, Inc. is an independent oil and gas exploration and production company based in Frisco, Texas, focusing on the acquisition, exploration, and development of oil and gas properties primarily in Texas and Louisiana [11]. Investment Ratings - Comstock Resources holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating a favorable investment outlook [11]. Momentum and Performance - The company has a Momentum Style Score of A, with shares increasing by 19.7% over the past four weeks [12]. - Four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate rising by $0.14 to $0.73 per share [12]. - Comstock Resources has demonstrated an average earnings surprise of 172.2%, highlighting its strong performance relative to expectations [12].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Comstock Resources (CRK) - Comstock Resources currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3][12]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4][12]. Performance Metrics - Over the past week, CRK shares have increased by 10.22%, significantly outperforming the Zacks Oil and Gas - Exploration and Production - United States industry, which rose by only 0.04% [6]. - In a longer timeframe, CRK's shares have risen by 25.04% over the past month, compared to the industry's 7.35% [6]. - Over the last quarter, CRK shares increased by 24.22%, and over the past year, they have gained 119.13%, while the S&P 500 has seen declines of -5.75% and gains of only 10.63% respectively [7]. Trading Volume - CRK's average 20-day trading volume is 2,086,099 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, 4 earnings estimates for CRK have been revised upwards, while only 2 have been revised downwards, leading to an increase in the consensus estimate from $0.59 to $0.73 [10]. - For the next fiscal year, 5 estimates have moved higher with no downward revisions, indicating a positive earnings outlook [10].

Group 1 - Comstock Resources (CRK) is a notable stock in the Oils-Energy sector, which consists of 246 individual stocks and holds a Zacks Sector Rank of 14 [2] - The Zacks Rank system, which emphasizes earnings estimates and revisions, currently gives Comstock Resources a Zacks Rank of 2 (Buy) [3] - Over the past 90 days, the Zacks Consensus Estimate for CRK's full-year earnings has increased by 28.1%, indicating improved analyst sentiment and a positive earnings outlook [4] Group 2 - Year-to-date, Comstock Resources has returned 11.3%, significantly outperforming the average loss of 5.8% in the Oils-Energy sector [4] - Comstock Resources is part of the Oil and Gas - Exploration and Production - United States industry, which includes 36 stocks and currently ranks 203 in the Zacks Industry Rank; this industry has seen an average loss of 26.8% this year [6] - Another stock in the Oils-Energy sector, Clearway Energy (CWEN), has also outperformed the sector with a year-to-date return of 10.7% and a Zacks Rank of 2 (Buy) [5][7]