Comstock Resources, Inc. (CRK) Stock

Comstock Resources, Inc. (CRK) is a Energy stock trading at $13.82 (as of 2026-08-20), with a market capitalization of $4.06B and a trailing P/E of 11.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Comstock Resources, Inc. acquires, explores, develops, and produces oil and natural gas primarily in North Louisiana and East Texas in the United States. The company has interests in 2,557 producing oil and natural gas wells and held 6.1 trillion cubic feet of natural gas equivalent proved reserves as of December 31, 2021.

Understand Comstock Resources, Inc.: how it makes money

Comstock Resources produces oil and natural gas in North Louisiana and East Texas in the United States, and it makes money from those production activities, reflected in reported “Gas Services Revenue.”

The profit model is driven by turning upstream operations into recurring revenue from producing oil and natural gas wells in a focused geographic footprint (North Louisiana and East Texas).

Business quality (Strong): Good business overview and key scale facts (proved reserves, producing wells). Segment detail is incomplete in the provided data (only one segment revenue shown), so segment-sum analysis is not reliable here.

Valuation: At 6× earnings, CRK trades 65% below the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Large proved reserve base (as of Dec 31, 2021): It reported 6.1 trillion cubic feet of natural gas equivalent proved reserves.
  • Established producing footprint: It owns interests in 2,557 producing oil and natural gas wells.

Bear case

  • Revenue concentration may be meaningful: In the provided segment data, only “Gas Services Revenue” is shown (0.17B out of 0.6B total revenue), which suggests other revenue lines are not visible in this dataset.
  • Geographic concentration risk: Operations are primarily in North Louisiana and East Texas, which can increase exposure to regional operational or market issues affecting that footprint.
Valuation — source: SEC EDGAR (first-party)
Price$13.82
Market Cap$4.06B
P/E Ratio11.9
EV / EBITDA6.9
Price / Book1.28
Price / Sales2.05
FCF Yield-24.7%
DCF Value (model)$23.11
DCF Upside vs Price67.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.22B
Net Margin17.8%
Revenue Growth (YoY)77.0%
EPS Growth (YoY)-288.2%
FCF Growth (YoY)-5.8%
Financial Health — source: SEC EDGAR
Altman Z-Score1.39 (distress)
Valuation vs Sector & Industry
Stock P/E11.9
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector-28.8%
vs Industry-28.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($245.94M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOMiles Jay Allison
Employees256
CountryUS
IPO Date1987-08-28

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • Murphy Oil Corporation (MUR)
  • CNX Resources Corporation (CNX)
  • Hess Midstream LP (HESM)
  • California Resources Corporation (CRC)
  • Crescent Energy Company (CRGY)
  • Par Pacific Holdings, Inc. (PARR)
  • Gulfport Energy Corporation (GPOR)
  • BKV Corporation (BKV)
CRK earnings history · CRK institutional & insider holders · CRK KPIs & operating metrics · CRK financials · CRK investor presentations & press releases · CRK SEC filings · CRK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.