Comstock Resources, Inc. (CRK) Stock Price & Analysis
Comstock Resources, Inc. (CRK) closed at USD 13.97 on Thursday, October 22, 2026, up 1.45% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 13.77; the Oct 22, 2026 session ranged USD 13.09–14.16 on volume of 3,946,566 shares. Market capitalization is $4.10B, with a 52-week range of USD 12.12–28.1 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:08 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CRK.md
Key facts (CRK)
- Last four reported quarters (through Jun 30, 2026): revenue $2.18B, net income $508M (23.3% margin), free cash flow -$735M (SEC filings).
- Valuation: P/E 8.1x (avg 14.4x at the last 2 fiscal year-ends), EV/EBITDA 5.7x, net debt $3.05B.
- 1 of 80 tracked superinvestors hold CRK (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.19 on a 1–5 scale) (16 analysts), mean target USD 15.3 (range 11–21).
- Total return with dividends: 1Y -21.8% vs S&P 500 +14.9%; 5Y +51.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.04, revenue estimate $430M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CRK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.85B | $3.63B | $1.57B | $1.25B | $2.22B | $2.18B |
| Operating income | $901M | $2.28B | $227M | -$169M | $646M | $628M |
| Net income | -$259M | $1.12B | $211M | -$230M | $396M | $508M |
| EPS (diluted) | -$1.12 | $4.11 | $0.76 | -$0.76 | $1.43 | — |
| Free cash flow | $170M | $631M | -$408M | -$477M | -$450M | -$735M |
| Operating margin | 48.7% | 62.9% | 14.5% | -13.4% | 29.1% | 28.8% |
| Net margin | -14.0% | 31.0% | 13.5% | -18.3% | 17.8% | 23.3% |
| Revenue growth | +115.7% | +96.1% | -56.9% | -19.9% | +77.0% | — |
| Cash + short-term investments | $30.7M | $54.7M | $16.7M | $6.8M | $23.9M | — |
| Total debt | $2.62B | $2.15B | $2.64B | $2.95B | $2.81B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CRK)
P/E 8.1x · P/S 1.9x · EV/EBITDA 5.7x · EV/Sales 3.3x · P/B 1.6x · FCF yield -17.92% · Earnings yield 12.39% · Net debt $3.05B · EV $7.16B
P/E at fiscal year-ends: Dec 2025 17.2x, Dec 2023 11.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (CRK)
1 of 80 tracked investors hold CRK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 1.26% | $6.0M | Added +0.8% |
Analysts (CRK)
Consensus Hold (mean 3.19 on a 1–5 scale), 16 analysts; mean target USD 15.3 (low 11, high 21).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Mizuho | Target lowered | Neutral | $20 → $17 |
| 2026-10-15 | Scotiabank | Initiated | Sector Underperform | $11 |
| 2026-10-15 | Morgan Stanley | Target lowered | Equal-Weight | $15 → $13 |
| 2026-09-25 | Jefferies | Initiated | Hold | $14 |
| 2026-09-17 | Truist Securities | Initiated | Hold | $16 |
| 2026-09-09 | UBS | Target raised | Sell | $13 → $14 |
| 2026-09-02 | Goldman Sachs | Target raised | Sell | $9 → $15 |
| 2026-09-02 | BMO Capital | Target raised | Market Perform | $13 → $17 |
| 2026-09-01 | Mizuho | Target raised | Neutral | $19 → $20 |
| 2026-08-19 | Morgan Stanley | Target lowered | Equal-Weight | $16 → $15 |
| 2026-07-20 | Citigroup | Target lowered | Neutral | $19 → $16 |
| 2026-06-30 | Goldman Sachs | Target lowered | Sell | $13 → $10 |
Total return (dividends reinvested) (CRK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -21.8% | +51.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -21.9% | +8.6% |
| Volatility (annualized) | 54.8% | 60.8% |
| Max drawdown | -55.0% (Dec 2025→Sep 2026) | -62.4% (May 2022→Feb 2024) |
CRK revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Natural Gas & Oil Sales | $288.2M | 81.6% | -15.2% |
| — Natural Gas Production (part of Natural Gas & Oil Sales) | $287.7M | 81.4% | -15.2% |
| — Oil & Condensate (part of Natural Gas & Oil Sales) | $476,000 | 0.1% | -35.8% |
| Gas Services | $63.5M | 18.0% | -51.3% |
| Gain On Sale Of Assets | $1.6M | 0.4% | — |
| Total revenue | $353.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CRK customer concentration
In the period ended Dec 31, 2025, 3 direct customers each accounted for at least 10% (18%, 11%, 10%) of revenue, per the company's 10-K filed Feb 19, 2026. The company does not name them.
CRK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.04 | $0.10 | -57.2% | $430.4M | 14 |
| Next quarter (ends Dec 2026) | $0.10 | $0.22 | -55.6% | $474.8M | 12 |
| Current fiscal year (ends Dec 2026) | $0.32 | $0.48 | -33.6% | $1.84B | 13 |
| Next fiscal year (ends Dec 2027) | $0.46 | $1.08 | -57.2% | $1.72B | 12 |
CRK options: expected move
Options price a move of about ±13.6% (±$1.90) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±7.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 60.4% | ±13.6% |
| Dec 18, 2026 | 56 | 55.9% | ±17.5% |
| Jan 15, 2027 | 84 | 53.3% | ±20.4% |
| Mar 19, 2027 | 147 | 53.3% | ±26.8% |
| Jun 17, 2027 | 237 | 53.1% | ±33.6% |
30-day implied volatility 55.9% vs 46.9% realized over the last 30 trading days. Put/call ratio (volume) 0.2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:08 UTC)
| Price | USD 13.97 |
|---|---|
| Change | ▲ 1.45% (up) |
| Previous Close | USD 13.77 |
| Open | USD 13.88 |
| Day Range | USD 13.09 – 14.16 |
| 52-Week Range | USD 12.12 – 28.1 |
| Volume | 3,946,566 shares |
| Market Cap | $4.10B |
| Exchange | NYQ |
Technical Analysis (CRK)
Nexqual's technical model rates CRK "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 10:08 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 49.37 (neutral) |
| vs SMA50 | Above (USD 13.9) |
| MACD | 0.09 (positive) |
Analyst Ratings (CRK)
Wall Street analysts rate CRK "Hold" based on 16 analysts, with a mean price target of USD 15.3 (range USD 11–21), per Nexqual as of October 23, 2026 at 10:08 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 15.3 |
| High Target | USD 21 |
| Low Target | USD 11 |
| Buy / Hold / Sell | 1 / 12 / 3 |
Earnings (CRK)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.04 |
| Revenue Estimate | $430.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.03 vs est 0.01 ▲ beat |
| 2026-03-31 | USD 0.15 vs est 0.23 ▼ miss |
| 2025-12-31 | USD 0.16 vs est 0.12 ▲ beat |
| 2025-09-30 | USD 0.09 vs est 0.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:08 UTC.
Financials & Fundamentals (CRK)
| Total Revenue | $1.88B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -25.20% |
| Gross Margin | +56.85% |
| Operating Margin | +5.97% |
| Profit Margin | +27.00% |
| ROE | +19.02% |
| Debt / Equity | 1 |
| Current Ratio | 0.48 |
| Total Cash | $45.01M |
| Total Debt | $3.17B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$735.22M (-33.8% of revenue) |
Source: Nexqual, October 23, 2026 at 10:08 UTC.
Financial Health Score (CRK)
Nexqual rates Comstock Resources, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:08 UTC.
| Growth | Strong — Revenue +77% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 57%, operating 6% (last 12 months) |
| Balance Sheet | Weak — $45M cash and investments vs $3.10B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$735M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Solid — ROE 19%, ROA 2.9% |
Ownership (CRK)
| Insider Ownership | +73.25% |
|---|---|
| Institutional Ownership | +31.08% |
| Shares Outstanding | 293.62M |
| Float | 63.47M |
| Short % of Float | +32.16% |
Source: Nexqual, October 23, 2026 at 10:08 UTC.
Leadership (CRK)
Comstock Resources, Inc. is led by Miles Jay Allison, Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 10:08 UTC.
| Chairman of the Board & CEO | Miles Jay Allison |
|---|---|
| President, CFO, Secretary & Director | Roland O. Burns |
| Chief Operating Officer | Daniel S. Harrison |
| Vice President of Finance & Investor Relations | Ronald Eugene Mills |
Major Backers & Investors (CRK)
Notable institutional backers of Comstock Resources, Inc. include DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio, Morgan Stanley, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 10:08 UTC.
Active Investors
| Investor | Stake |
|---|---|
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.82% |
| Morgan Stanley | 0.9% |
| American Century Companies Inc | 0.85% |
| Goldman Sachs | 0.52% |
| UBS Group AG | 0.5% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 4.03% |
| Dimensional Fund Advisors | 3.98% |
| Vanguard Group | 2.78% |
| State Street | 1.82% |
| Geode Capital | 0.65% |
Source: Nexqual, October 23, 2026 at 10:08 UTC.
From Comstock Resources, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We were one of the first operators in the Haynesville shale to drill a horseshoe lateral well, which allows us to replace two short lateral wells with one drilling location with a longer lateral length resulting in a higher economic return.
- At December 31, 2025, the Pinnacle system included gas treating plants in Bethel and Marquez, Texas and 246 miles of high-pressure pipelines, which allows us to keep pace with volume growth while maintaining access to strong markets at favorable transportation rates.
- We intend to maintain an operating plan in 2026 that will allow us to continue to delineate the Western Haynesville play while protecting our balance sheet.
- Our current plan is to fund our exploration and development activity primarily with operating cash flow and we believe our low operating cost structure combined with maximizing the capital efficiency of our drilling program and maintaining financial discipline will allow us to achieve this goal.
Partnerships
- In January 2026, Pinnacle entered into an agreement with Quantum to redeem all of Quantum's outstanding Class B Units in exchange for cash consideration of $440 million plus any accrued but unpaid distributions.
- To support the continued development of the Western Haynesville and Bossier shale, we entered into a partnership with Quantum Capital Solutions ("Quantum") in 2023 to finance the buildout of natural gas gathering and treating facilities required to handle the expected growth in our natural gas production from wells we plan to drill in this area.
Legal & Regulatory Risks (Item 1A, quoted)
- Our operations may incur substantial liabilities due to compliance with environmental laws and regulations.
- We are subject to extensive governmental laws and regulations that may adversely affect the cost, manner or feasibility of doing business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BTE | Baytex Energy Corp | USD 5.32 | ▼ 1.48% |
| CRC | California Resources Corporatio | USD 52.96 | ▼ 1.08% |
| CRGY | Crescent Energy Company | USD 13.33 | ▼ 1.26% |
| CNX | CNX Resources Corporation | USD 35.73 | ▲ 1.62% |
| BSM | Black Stone Minerals, L.P. | USD 14.71 | ▲ 0.82% |
| MUR | Murphy Oil Corporation | USD 42.37 | ▼ 1.37% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:08 UTC. This page is informational and not investment advice.
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