CRK Stock Recent News

At current strip, Comstock is projected to generate over $1 billion in positive cash flow in 2023 before dividends. Jerry Jones converted his preferred shares into common shares to help take advantage of Comstock's new $0.50 per share annualized dividend.

Comstock Resources, Inc. (NYSE:CRK ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 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 - Stiefel Charles Meade - Johnson Rice Fernando Zavala - Pickering Energy Partners Neal Dingmann - Truist Securities Umang Choudhary - Goldman Sachs Phillips Johnston - Capital One Paul Diamond - Citi Noel Parks - Tuohy Brothers Leo Mariani - MKM Partners Operator Good day and thank you for standing by, welcome to Third Quarter 2022 Comstock Resources Earnings Conference Call. At this time, all participants are in a listen-only mode.

Comstock (CRK) delivered earnings and revenue surprises of 2.61% and 37.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Here is how Comstock Resources (CRK) and HF Sinclair (DINO) have performed compared to their sector so far this year.

Comstock Resources is an independent E&P focusing on the production of natural gas in the Haynesville Shale. The high quality of the company's acreage allows it to produce natural gas for an incredibly cheap price and at very high margins.

The natural gas strip for 2023 has gone from around $6.50 in late August to around $5 now. This reduces Comstock's projected 2023 cash flow by around $700 million to $750 million.

FRISCO, TX, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) announces it has changed the date and time of its previously announced earnings release and conference call for the third quarter of 2022. The Company will now release the third quarter 2022 results on November 1, 2022 after the market closes and host its quarterly conference call at 9 :00 a.m. CT on November 2, 2022 to discuss the third quarter results.

Investors need to pay close attention to Comstock (CRK) stock based on the movements in the options market lately.

Comstock (CRK) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.