Comstock Resources, Inc. and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota.
The last earnings update was 68 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Comstock Resources. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Comstock Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
Comstock Resources's earnings are expected to grow significantly at over 20% yearly.
Comstock Resources's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Comstock Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Comstock Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Comstock Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Comstock Resources's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Comstock Resources's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Miles Jay Allison Co-founded Midwood Petroleum Inc. in 1983. Mr. Allison has been the Chief Executive Officer of Comstock Resources Inc. since 1988 and served as its President from 1988 to May 8, 2013. From 1987 to 1988, Mr. Allison served as Vice President and Secretary of Comstock Resources Inc. From 1981 to 1987, he served as a Practicing oil and gas Attorney of Lynch, Chappell & Alsup in Midland, Texas. Midwood Petroleum Inc., was active in the acquisition and development of oil and gas properties from 1983 to 1987. He has been the Chairman of the Board of Comstock Resources Inc. since 1997. He serves as Chairman of Comstock Oil & Gas, LP. He served as Chairman of Bois d'Arc Energy Inc., (Previously, Bois D'arc Energy LLC) since July 2004. He has been a Director of Comstock Resources Inc. since June 1987. He served as a Director of Tidewater Inc. since September 21, 2006 until July 31, 2017. Mr. Allison served as Director of Bois d'Arc Energy Inc., since July 2004. He serves on the Board of Regents for Baylor University and on the Advisory Board of the Salvation Army in Dallas, Texas. Mr. Allison received B.B.A., M.S. and J.D. degrees from Baylor University in 1978, 1980 and 1981, respectively.
Insufficient data for Miles to compare compensation growth.
Insufficient data for Miles to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Comstock Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Chairman & CEO
Vice President of Operations
VP of Accounting
Vice President of Marketing
Vice President of Corporate Development
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Comstock Resources board of directors is about average.
Board of Directors
Chairman & CEO
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
Are Comstock Resources, Inc.’s (NYSE:CRK) Returns Worth Your While?
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Comstock Resources: 0.095 = US$192m ÷ (US$2.2b - US$198m) (Based on the trailing twelve months to March 2019.) So, Comstock Resources has an ROCE of 9.5%. … With low levels of current liabilities, at least Comstock Resources's mediocre ROCE is not unduly boosted. … Our Take On Comstock Resources's ROCE Based on this information, Comstock Resources appears to be a mediocre business.
Did Comstock Resources Inc's (NYSE:CRK) Earnings Growth Outperform The Industry?
Today I will examine Comstock Resources Inc's (NYSE:CRK) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of CRK's industry performed. … View our latest analysis for Comstock Resources How Did CRK's Recent Performance Stack Up Against Its Past? … For Comstock Resources, its latest earnings (trailing twelve month) is -US$111.40M, which compared to the prior year's figure, has become less negative.
How Does Comstock Resources Inc (NYSE:CRK) Compare To The Oil & Gas Sector?
Check out our latest analysis for Comstock Resources What’s the catalyst for Comstock Resources's sector growth? … Only now has the sector begun to emerge from its turmoil, and in the past year, the industry turnaround delivered growth in the teens, beating the US market growth of 9.84%. … If Comstock Resources has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the energy industry.
Is Comstock Resources Inc (NYSE:CRK) Overpaying Its CEO?
Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Since earnings are heading towards the right direction, CEO pay should be reflective of Allison's value creation for shareholders. … Normally I'd use market cap and profit as factors determining performance, however, CRK's negative earnings reduces the effectiveness of this method.
Breaking Down Comstock Resources Inc's (NYSE:CRK) Ownership Structure
NYSE:CRK Insider_trading Jan 6th 18 General Public Ownership The general public holds a substantial 26.24% stake in CRK, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … What this means for you: With significant institutional ownership, including active hedge, existing investors should seek a margin of safety when investing in CRK.
Want To Invest In Comstock Resources Inc (NYSE:CRK)? Here's How It Performed Lately
Check out our latest analysis for Comstock Resources Did CRK's recent EPS Growth beat the long-term trend and the industry? … For Comstock Resources, the latest earnings -$124.0M, which, against the previous year's figure, has become less negative. … This shows that, although Comstock Resources is currently unprofitable, it may have only just been aided by the recent industry expansion, moving earnings towards to right direction.What does this mean?
Comstock Resources, Inc. and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
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