Comstock Resources (CRK) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this oil and gas company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estim ...

Production and Reserves - Comstock Resources reported a significant increase in natural gas production, achieving a total of 10.5 billion cubic feet (Bcf) for the quarter, representing a 15% increase year-over-year[7]. - Comstock's proved reserves increased to 1.2 trillion cubic feet equivalent (Tcfe), reflecting a 20% growth compared to the previous year[7]. - The company plans to drill 25 new wells in the next year, aiming to enhance production capacity and reserve replacement[7]. - The company is focused on the future production of natural gas and oil, with anticipated capital expenditures and the number of wells to be drilled being key metrics for growth[2]. - The company aims to discover or acquire additional reserves to sustain long-term production capabilities[2]. Financial Performance - The company reported a net income of $45 million for the last quarter, a 30% increase compared to the same period last year[7]. - The average realized price for natural gas was $3.50 per thousand cubic feet (Mcf), which is a 10% increase from the prior quarter[7]. - Future financial results, cash flow, and liquidity are expected to be influenced by operating costs, including lease operating expenses and administrative costs[2]. Capital Expenditures and Investments - The company anticipates capital expenditures of approximately $150 million for the upcoming fiscal year, focusing on drilling and completion activities[7]. - Comstock is investing in new technologies to improve drilling efficiency, including advanced 3-D seismic imaging techniques[7]. - The company has established a strategic partnership with a leading technology firm to enhance its data analytics capabilities for better market forecasting[7]. Operational Strategy and Risks - The company faces risks related to the volatility of natural gas and oil prices, as well as uncertainties in estimating reserves and production rates[2]. - The ability to successfully identify and integrate future acquisitions is critical for the company's growth strategy[2]. - Future capital requirements and changes in regulatory conditions will impact the company's operational strategy[2]. - The company is monitoring the availability of rigs, equipment, and personnel to support its operational needs[2]. - The company emphasizes the importance of retaining key members of senior management and employees for its ongoing success[2]. - The company is committed to managing the usual hazards associated with the natural gas and oil industry to ensure operational safety[2]. - Future operating costs are projected to remain stable, with lease operating expenses expected to be around $1.20 per Mcf[7]. Acquisitions and Expansion - Comstock Resources is exploring potential acquisitions to expand its operational footprint in the Permian Basin, targeting assets that can be integrated efficiently[7].

Investor Presentation February 2025 Disclaimer 2 This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our current expectations or forecasts of future events. These statements include estimates of future natural gas and oil reserves, expected natural gas and oil production and future expenses, assumptions regarding future natural gas and oil prices, budget ...

Comstock Resources, Inc. (NYSE:CRK) Q4 2024 Earnings Conference Call February 19, 2025 11:00 AM ET Company Participants Jay Allison - Chairman and Chief Executive Officer Roland Burns - President and Chief Financial Officer Daniel Harrison - Chief Operating Officer Conference Call Participants Derrick Whitfield - Texas Capital Carlos Escalante - Wolfe Research Charles Meade - Johnson Rice Kalei Akamine - Bank of America Bertrand Donnes - Truist Jacob Roberts - TPH & Company Gregg Brody - Bank of America Noe ...

For the quarter ended December 2024, Comstock Resources (CRK) reported revenue of $366.51 million, down 10.7% over the same period last year. EPS came in at $0.16, compared to $0.10 in the year-ago quarter.The reported revenue represents a surprise of -2.70% over the Zacks Consensus Estimate of $376.66 million. With the consensus EPS estimate being $0.02, the EPS surprise was +700.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Comstock Resources (CRK) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 700%. A quarter ago, it was expected that this oil and gas company would post a loss of $0.16 per share when it actually produced a loss of $0.17, delivering a surprise of -6.25%.Over the last four quarters, the ...

FRISCO, TX, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2024. Highlights of 2024's Fourth Quarter Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $223 million or $0.76 per share.Adjusted EBITDAX for the quarter was $252 million.Adjusted net income was $46.3 million or $0.16 per share for the quarter.Six succ ...

The price trend for Comstock Resources (CRK) has been bearish lately and the stock has lost 6.5% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor ...

The market expects Comstock Resources (CRK) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

Shares of Comstock Resources (CRK) have been struggling lately and have lost 9.2% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...