Comstock Resources, Inc. Set to Announce Q1 Earnings on May 5th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy CRK?
Source: seekingalpha
- Earnings Announcement: Comstock Resources, Inc. is scheduled to release its Q1 2023 earnings report on May 5th after market close, with a consensus EPS estimate of $0.23, reflecting a 27.8% year-over-year increase, indicating improved profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $486.41 million, representing a 5.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and could impact investor confidence.
- Historical Performance Review: Over the past two years, Comstock has beaten EPS and revenue estimates 75% of the time, demonstrating a degree of stability and profitability amid market fluctuations, which may attract investors.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward and five downward revisions, while revenue estimates have experienced two upward and five downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
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Analyst Views on CRK
Wall Street analysts forecast CRK stock price to rise
9 Analyst Rating
1 Buy
6 Hold
2 Sell
Hold
Current: 17.360
Low
8.00
Averages
22.25
High
29.00
Current: 17.360
Low
8.00
Averages
22.25
High
29.00
About CRK
Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of the North American natural gas and oil segment. Its primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast natural gas markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in the Western Haynesville play. It has over 1,099,090 acres (819,489 net) prospective for the Haynesville and Bossier shale plays, located in North Louisiana and East Texas, including its extension of the plays in its Western Haynesville area. The Company owns interests in over 2,427 producing natural gas and oil wells (1,542.6 net) and it operates 1,747 of these wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Comstock Resources Earnings Preview
- Revenue Miss: Comstock Resources reported revenues of $361.8 million last quarter, a 5.9% year-on-year increase, but fell short of analysts' expectations, indicating increasing competitive pressure in the market.
- Production Decline: The company reported oil production of 3,000 barrels, down 70% year-on-year, which not only impacts short-term financial performance but may also negatively affect future production capacity and market confidence.
- Market Recovery Expectations: This quarter, the market anticipates a 29.3% year-on-year revenue growth for Comstock Resources, an improvement from the 15.8% increase recorded in the same quarter last year, reflecting cautious optimism among investors regarding the company's future.
- Stable Analyst Ratings: Over the past 30 days, analysts covering the company have generally reaffirmed their earnings estimates, despite Comstock Resources missing Wall Street's revenue estimates multiple times over the past two years, indicating a divergence in market expectations for its future performance.
See More
Comstock Resources, Inc. Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: Comstock Resources, Inc. is scheduled to release its Q1 2023 earnings report on May 5th after market close, with a consensus EPS estimate of $0.23, reflecting a 27.8% year-over-year increase, indicating improved profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $486.41 million, representing a 5.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and could impact investor confidence.
- Historical Performance Review: Over the past two years, Comstock has beaten EPS and revenue estimates 75% of the time, demonstrating a degree of stability and profitability amid market fluctuations, which may attract investors.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward and five downward revisions, while revenue estimates have experienced two upward and five downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
See More
Comstock Resources to Release Q1 2026 Results on May 5
- Earnings Release Schedule: Comstock Resources plans to release its Q1 2026 financial results after market close on May 5, showcasing its latest performance in natural gas production.
- Conference Call Details: The company will host a conference call on May 6, 2026, at 10:00 a.m. CT to discuss the Q1 results, requiring participants to register in advance to receive dial-in information.
- Live Broadcast Access: The conference call will be broadcast live in listen-only mode, accessible via the company's website link, ensuring timely access to financial information for investors.
- Replay Availability: A replay of the conference call will be available starting at 1:00 p.m. CT on May 6, 2026, for a duration of twelve months, allowing investors who missed the live event to review the discussion.
See More
Middle East Tensions Drive Energy Stocks Higher
- Energy Stock Rally: Energy stocks surged in the afternoon session due to escalating geopolitical tensions in the Middle East, with Borr Drilling's shares rising 3.6%, indicating increased investor interest in energy companies amid supply concerns.
- Oil Prices Climb: Oil prices continued to rise even as President Trump extended the deadline for Iran to reopen the Strait of Hormuz by ten days, reflecting market anxiety over global oil supply risks and enhancing the outlook for oil and gas producers.
- Clean Energy Fuels Volatility: Clean Energy Fuels saw an 8.1% increase in its stock price, despite experiencing 40 moves greater than 5% in the past year, suggesting that while the market reacted strongly to the news, it did not fundamentally alter perceptions of the company's business.
- Long-Term Investment Challenges: Although Clean Energy Fuels has gained 18.3% year-to-date, its current price of $2.56 per share remains 16.5% below its 52-week high of $3.06, indicating significant challenges for long-term investors who would see their $1,000 investment from five years ago reduced to just $199.92.
See More
Analysis of Small-Cap Energy Stocks by RSI
- RSI Ranking Overview: REX American Resources Corporation (REX) leads the list with an RSI of 44, indicating relatively stable market performance, which may attract investor interest.
- Following Companies: Diversified Energy Company (DEC), RPC, Inc. (RES), and Sabine Royalty Trust (SBR) each have an RSI of 47, suggesting a higher relative strength in the market, potentially facing short-term price fluctuations.
- Mid-Ranking Companies: Sable Offshore Corp. (SOC), TETRA Technologies (TTI), and Riley Exploration Permian (REPX) rank in the middle with an RSI of 48, indicating stable performance in the market, suitable for risk-averse investors.
- Significance of RSI: The RSI is a momentum oscillator that measures the speed and magnitude of price changes, with readings above 70 typically indicating overbought conditions, prompting investors to carefully assess the timing of investments in these small-cap energy stocks.
See More
Top Mid-Cap Energy Stocks by RSI in the U.S.
- RSI Overview: Comstock Resources (CRK) leads the list with an RSI of 34, indicating an oversold condition that may present a buying opportunity for investors looking for value.
- Sector Distribution: The top ten stocks span various energy sub-sectors, including oil and gas exploration and production, coal and consumable fuels, oil and gas refining, and drilling services, reflecting the diversity and potential investment opportunities within the energy market.
- RSI Interpretation: With RSI values ranging from 34 to 51, these stocks are generally trading below overbought levels, potentially attracting value-seeking investors amid volatility in the oil and gas sector.
- Market Trends: As U.S.-Iran talks progress, crude oil prices drift lower, which may impact the short-term performance of energy stocks, prompting investors to monitor market dynamics for strategic adjustments.
See More
Comstock Resources Earnings Preview
- Revenue Miss: Comstock Resources reported revenues of $361.8 million last quarter, a 5.9% year-on-year increase, but fell short of analysts' expectations, indicating increasing competitive pressure in the market.
- Production Decline: The company reported oil production of 3,000 barrels, down 70% year-on-year, which not only impacts short-term financial performance but may also negatively affect future production capacity and market confidence.
- Market Recovery Expectations: This quarter, the market anticipates a 29.3% year-on-year revenue growth for Comstock Resources, an improvement from the 15.8% increase recorded in the same quarter last year, reflecting cautious optimism among investors regarding the company's future.
- Stable Analyst Ratings: Over the past 30 days, analysts covering the company have generally reaffirmed their earnings estimates, despite Comstock Resources missing Wall Street's revenue estimates multiple times over the past two years, indicating a divergence in market expectations for its future performance.
See More
Comstock Resources, Inc. Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: Comstock Resources, Inc. is scheduled to release its Q1 2023 earnings report on May 5th after market close, with a consensus EPS estimate of $0.23, reflecting a 27.8% year-over-year increase, indicating improved profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $486.41 million, representing a 5.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and could impact investor confidence.
- Historical Performance Review: Over the past two years, Comstock has beaten EPS and revenue estimates 75% of the time, demonstrating a degree of stability and profitability amid market fluctuations, which may attract investors.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward and five downward revisions, while revenue estimates have experienced two upward and five downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
See More
Comstock Resources to Release Q1 2026 Results on May 5
- Earnings Release Schedule: Comstock Resources plans to release its Q1 2026 financial results after market close on May 5, showcasing its latest performance in natural gas production.
- Conference Call Details: The company will host a conference call on May 6, 2026, at 10:00 a.m. CT to discuss the Q1 results, requiring participants to register in advance to receive dial-in information.
- Live Broadcast Access: The conference call will be broadcast live in listen-only mode, accessible via the company's website link, ensuring timely access to financial information for investors.
- Replay Availability: A replay of the conference call will be available starting at 1:00 p.m. CT on May 6, 2026, for a duration of twelve months, allowing investors who missed the live event to review the discussion.
See More
Middle East Tensions Drive Energy Stocks Higher
- Energy Stock Rally: Energy stocks surged in the afternoon session due to escalating geopolitical tensions in the Middle East, with Borr Drilling's shares rising 3.6%, indicating increased investor interest in energy companies amid supply concerns.
- Oil Prices Climb: Oil prices continued to rise even as President Trump extended the deadline for Iran to reopen the Strait of Hormuz by ten days, reflecting market anxiety over global oil supply risks and enhancing the outlook for oil and gas producers.
- Clean Energy Fuels Volatility: Clean Energy Fuels saw an 8.1% increase in its stock price, despite experiencing 40 moves greater than 5% in the past year, suggesting that while the market reacted strongly to the news, it did not fundamentally alter perceptions of the company's business.
- Long-Term Investment Challenges: Although Clean Energy Fuels has gained 18.3% year-to-date, its current price of $2.56 per share remains 16.5% below its 52-week high of $3.06, indicating significant challenges for long-term investors who would see their $1,000 investment from five years ago reduced to just $199.92.
See More
Analysis of Small-Cap Energy Stocks by RSI
- RSI Ranking Overview: REX American Resources Corporation (REX) leads the list with an RSI of 44, indicating relatively stable market performance, which may attract investor interest.
- Following Companies: Diversified Energy Company (DEC), RPC, Inc. (RES), and Sabine Royalty Trust (SBR) each have an RSI of 47, suggesting a higher relative strength in the market, potentially facing short-term price fluctuations.
- Mid-Ranking Companies: Sable Offshore Corp. (SOC), TETRA Technologies (TTI), and Riley Exploration Permian (REPX) rank in the middle with an RSI of 48, indicating stable performance in the market, suitable for risk-averse investors.
- Significance of RSI: The RSI is a momentum oscillator that measures the speed and magnitude of price changes, with readings above 70 typically indicating overbought conditions, prompting investors to carefully assess the timing of investments in these small-cap energy stocks.
See More
Top Mid-Cap Energy Stocks by RSI in the U.S.
- RSI Overview: Comstock Resources (CRK) leads the list with an RSI of 34, indicating an oversold condition that may present a buying opportunity for investors looking for value.
- Sector Distribution: The top ten stocks span various energy sub-sectors, including oil and gas exploration and production, coal and consumable fuels, oil and gas refining, and drilling services, reflecting the diversity and potential investment opportunities within the energy market.
- RSI Interpretation: With RSI values ranging from 34 to 51, these stocks are generally trading below overbought levels, potentially attracting value-seeking investors amid volatility in the oil and gas sector.
- Market Trends: As U.S.-Iran talks progress, crude oil prices drift lower, which may impact the short-term performance of energy stocks, prompting investors to monitor market dynamics for strategic adjustments.
See More
