Comstock Resources (CRK) vs. The Competition Financial Analysis
Comstock Resources (NYSE: CRK) is one of 248 publicly-traded companies in the “Oil & Gas Exploration and Production” industry, but how does it weigh in compared to its competitors? We will compare Comstock Resources to related companies based on the strength of its profitability, risk, dividends, valuation, earnings, analyst recommendations and institutional ownership.
Volatility & Risk
Comstock Resources has a beta of -0.59, meaning that its stock price is 159% less volatile than the S&P 500. Comparatively, Comstock Resources’ competitors have a beta of 1.31, meaning that their average stock price is 31% more volatile than the S&P 500.
Institutional and Insider Ownership
53.3% of Comstock Resources shares are owned by institutional investors. Comparatively, 62.2% of shares of all “Oil & Gas Exploration and Production” companies are owned by institutional investors. 11.6% of Comstock Resources shares are owned by company insiders. Comparatively, 11.9% of shares of all “Oil & Gas Exploration and Production” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This is a summary of recent ratings and price targets for Comstock Resources and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Comstock Resources Competitors||1557||8075||12918||284||2.52|
Comstock Resources presently has a consensus target price of $12.40, suggesting a potential upside of 105.64%. As a group, “Oil & Gas Exploration and Production” companies have a potential upside of 32.40%. Given Comstock Resources’ higher probable upside, analysts plainly believe Comstock Resources is more favorable than its competitors.
This table compares Comstock Resources and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Comstock Resources Competitors||-441.62%||-2.95%||3.16%|
Valuation and Earnings
This table compares Comstock Resources and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Comstock Resources||$175.71 million||-$135.13 million||-0.65|
|Comstock Resources Competitors||$1.90 billion||-$445.52 million||22.68|
Comstock Resources’ competitors have higher revenue, but lower earnings than Comstock Resources. Comstock Resources is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Comstock Resources competitors beat Comstock Resources on 8 of the 12 factors compared.
About Comstock Resources
Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas.
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