Comstock Resources is focused on natural gas production – a smart move given the strong long-term fundamentals of this energy source.

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Comstock Resources ($NYSE:CRK), Inc. is an independent exploration and production company focused heavily on natural gas production. Additionally, natural gas prices have been quite stable in recent years, making it a more attractive option than some of the more volatile energy sources.

Price History

The company’s stock has been rising in value recently, due in part to positive media coverage. On Tuesday, COMSTOCK RESOURCES stock opened at $16.8 and closed at $17.6, rise by 5.1% from prior closing price of 16.8.

VI Analysis

Its fundamentals reflect this potential, and the company has an intermediate health score of 4/10 with regard to its cashflows and debt. This means that COMSTOCK RESOURCES should be able to safely ride out any crisis without the risk of bankruptcy. The company is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for growth-oriented investors.

However, COMSTOCK RESOURCES is weak in terms of dividend yield, so income-seeking investors may not find it as attractive.

VI 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

Comstock Resources is focused on natural gas production – a smart move given the strong long-term fundamentals of this energy source. Natural gas is one of the cleanest burning fossil fuels and is expected to play a major role in the global energy mix in the coming years. The company has been in the news recently for its strong financial performance. Comstock posted quarterly results that beat analyst expectations, driven by higher production and lower costs.

The stock price moved up on the news. Investors are attracted to Comstock for its strong growth prospects. The company has a large portfolio of high-quality assets, is well positioned to benefit from industry trends, and has a strong track record of operational and financial discipline.