Comstock Resources, Inc. (CRK) AI Stock Analysis

Comstock Resources, Inc. operates as an independent energy company focused on the acquisition, exploration, development, and production of oil and natural gas resources primarily within North Louisiana and East Texas. Founded in 1919 and headquartered in Frisco, Texas, the company holds interests in 2,557 producing oil and natural gas wells. As of December 31, 2021, Comstock Resources reported reserves totaling 6.1 trillion cubic feet of natural gas equivalent. The company employs 252 individuals and deploys technological capabilities to extract resources across its core operating basins in the United States.

Comstock Resources achieved a 5-year revenue compound annual growth rate of 17.6% between FY2020 and FY2025. Annual revenue peaked at $3.63B in FY2022 before dropping to $1.57B in FY2023 and $1.25B in FY2024. In FY2025, revenue rebounded 53.8% to $1.93B, generating net income of $420.2M and an operating margin of 19.9%. Over the trailing twelve months, revenue totaled $1.88B with diluted EPS of $1.82 and an operating margin of 6.0%. In the latest quarter ended June 30, 2026, quarterly revenue fell 25.2% and quarterly earnings declined 93.0% year-over-year.

As of June 30, 2026, Comstock Resources held $45.0M in cash and short-term investments alongside total debt of $3.17B, resulting in net debt of $3.12B. Total assets were $7.52B against shareholders' equity of $2.58B, generating a debt-to-equity ratio of 1.23 and a current ratio of 0.48. Operating cash flow reached $899.6M in FY2025, but capital expenditures of $1.35B led to free cash flow of -$449.7M. The company's share count increased 5.3% over five years.

Comstock Resources trades at a trailing P/E of 7.7x, below the 15.0x median of its US-listed Energy peers. However, its forward P/E of 46.3x is higher than the peer median of 12.7x, and its PEG ratio is 4.64. The company has an enterprise value of $7.08B and trades at an EV to EBITDA ratio of 4.8x compared to the peer median of 8.0x, while its price-to-sales multiple is 2.2x versus the 1.8x peer median. At its last close of $14.00 on October 16, 2026, the stock is down 21.0% over the past year, trailing the S&P 500 return of 16.8%.

Wall Street analyst coverage consists of 1 Strong Buy, 12 Hold, and 2 Strong Sell ratings. The mean price target of $15.23 sits 8.8% above the October 16, 2026 close of $14.00. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.32, representing a 40.2% decline, on revenue of $1.85B. Comstock Resources beat EPS estimates in 3 of the last 4 quarters, and its next earnings release is scheduled for November 4, 2026.

This page is an AI-written research summary of Comstock Resources, Inc. (CRK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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