CRK Stock Recent News

Investors with an interest in Oil and Gas - Exploration and Production - United States stocks have likely encountered both CNX Resources Corporation. (CNX) and Comstock Resources (CRK).

Comstock (CRK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

AI data center power needs, extreme cold weather, and the untangling of capacity constraints are all reasons natural gas demand is soaring. These bullish demand trends should support growth in natural gas markets.

Does Comstock Resources (CRK) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how Comstock Resources (CRK) and Kolibri Global Energy Inc. (KGEI) have performed compared to their sector so far this year.

Investors looking for stocks in the Oil and Gas - Exploration and Production - United States sector might want to consider either CNX Resources Corporation. (CNX) or Comstock Resources (CRK).

Comstock Resources benefits from low cash costs. Haynesville wells are very expensive to drill and complete. Comparatively high DD&A costs highlight the expensive nature of Haynesville wells.

Comstock Resources, Inc., an E&P company focused on natural gas in the Haynesville and Bossier shales, faces challenges due to weak natural gas prices. Despite operational efficiency and cost management in its legacy Haynesville assets, Comstock's financials suffered in Q2 2024, with lower realized sales prices and reduced capital expenditures. Comstock's high debt load and inadequate hedging strategy in early 2024 pose risks, but a shift to more aggressive hedging aims to mitigate future price downturns.

Comstock Resources, Inc. (NYSE:CRK ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Jay Allison - Chairman and CEO Roland Burns - President and CFO Dan Harrison - COO Ron Mills - VP of Finance and IR Conference Call Participants Carlos Escalante - Wolfe Research Jacob Roberts - TPH & Company Charles Meade - Johnson Rice Bertrand Donnes - Truist Kevin McCurdy - Pickering Energy Partners Leo Mariani - ROTH Neil Mehta - Goldman Sachs Phillips Johnston - Capital One Securities Noel Parks - Tuohy Brothers Investment Research Paul Diamond - Citi Gregg Brody - Bank of America Geoff Jay - Daniel Energy Partners Operator Thank you for standing by and welcome to Comstock Resources Second Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to Jay Allison, Chairman and CEO.

Comstock Resources (CRK) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to break-even earnings per share a year ago.