Comstock Resources Intrinsic Value – Capital One Financial Decreases Q1 2023 EPS Estimates for Comstock Resources,
March 16, 2023
Trending News 🌥️
Capital One Financial recently announced that it has revised downwards its estimates for Comstock Resources ($NYSE:CRK), Inc.’s Q1 2023 earnings per share. This news comes as a surprise to many analysts, who had previously expected the company to perform well in the quarter. The announcement is concerning for Comstock Resources and its shareholders, as their projections for the quarter must now be adjusted to account for the lowered estimates. It is uncertain how this will affect the company’s bottom line, and investors are likely to be watching closely how the situation develops. Given the current state of the markets, the news has been met with mixed reactions.
Some analysts are optimistic that Comstock Resources can still turn a profit despite the lowered estimates, while others are more pessimistic, predicting that it will not be able to make up for the shortfall in earnings. This information will provide an important indicator of how the company is performing and may give insight into its future prospects. With that in mind, all stakeholders should pay close attention to this news and its potential impact on Comstock Resources’ performance.
Share Price
On Tuesday, Capital One Financial revealed a decrease in Q1 2023 earnings per share (EPS) estimates for Comstock Resources, Inc. Following the announcement, Comstock Resources’ stock opened at $11.0 and closed at $10.7, down by 1.1% from its prior closing price of 10.8. Analysts believe that the weakened estimates are a result of decreased activities in the energy sector due to the pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Comstock Resources. More…
| Total Revenues | Net Income | Net Margin |
| 3.63k | 1.12k | 47.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Comstock Resources. More…
| Operations | Investing | Financing |
| 1.7k | -1.1k | -576.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Comstock Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.69k | 3.42k | 8.21 |
Key Ratios Snapshot
Some of the financial key ratios for Comstock Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 67.7% | 102.5% | 43.4% |
| FCF Margin | ROE | ROA |
| 17.4% | 48.3% | 17.3% |
Analysis – Comstock Resources Intrinsic Value
At GoodWhale, we recently performed a comprehensive analysis of COMSTOCK RESOURCES‘ fundamentals. After careful review, we concluded that the fair value of its shares is around $15.8. This figure was calculated using our proprietary Valuation Line. Right now, COMSTOCK RESOURCES stocks are being traded at $10.7, undervalued by 32.2%. We believe this presents an opportunity to buy the stock at a discounted price. More…
Peers
Comstock Resources Inc. is an American oil and gas company engaged in the exploration, development, production and acquisition of properties in the United States. The company’s core areas of operation are in the states of Texas and Louisiana. The company’s main competitors are Antero Resources Corp, EQT Corp, and CNX Resources Corp. Comstock Resources Inc. has a market capitalization of $2.6 billion as of February 2018, while its competitors have market capitalizations of $13.4 billion (Antero Resources Corp), $11.5 billion (EQT Corp), and $3.4 billion (CNX Resources Corp), respectively.
– Antero Resources Corp ($NYSE:AR)
Antero Resources is a natural gas and oil company that operates in the Appalachian Basin. The company has a market capitalization of $10.83 billion as of 2022 and a return on equity of 15.98%. Antero Resources is engaged in the exploration, development, and production of natural gas and oil properties in the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.
– EQT Corp ($NYSE:EQT)
EQT Corporation is a publicly traded natural gas and oil exploration and production company with operations in the United States and Canada. The company has a market cap of $14.63 billion as of 2022 and a return on equity of -5.33%. EQT Corporation is one of the largest producers of natural gas in the United States and is headquartered in Pittsburgh, Pennsylvania.
– CNX Resources Corp ($NYSE:CNX)
CNX Resources Corp is a publicly traded natural gas and oil exploration and production company with a market cap of $3.46 billion as of March 2022. The company’s primary operations are in the Appalachian Basin, which includes the Marcellus Shale and Utica Shale plays. CNX Resources was founded in 1987 and is headquartered in Canonsburg, Pennsylvania.
Summary
Investment analysts have reduced their earnings per share (EPS) estimates for Comstock Resources, Inc. for the first quarter of 2023. This is based on recently released financial data and market conditions. Analysts have suggested that lower natural gas prices and reduced production could decrease earnings. The financial community is also noting that Comstock Resources has a high debt-to-equity ratio, which may further impact its bottom line performance.
The company’s stock price has declined in recent days as investors assess the news. Investors should continue to monitor Comstock Resources’ financial results and make an informed decision before investing in the stock.
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