|Bid||0.00 x 2900|
|Ask||10.25 x 800|
|Day's Range||9.51 - 10.39|
|52 Week Range||4.01 - 11.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.49|
The private equity-backed oil and gas producer filed a stalking horse purchase agreement with a Comstock affiliate Thursday in the U.S. Bankruptcy Court in Wilmington, Del. The deal, which must be approved by a judge, sets a floor on the price for the Louisiana properties at a potential auction. When Enduro Resource filed for chapter 11 protection last month, the company already had three purchase agreements in hand to sell other properties in Louisiana, North Dakota and Wyoming.
At 1.817 trillion cubic feet (Tcf), natural gas inventories are 512 Bcf (22%) under the five-year average and 799 Bcf (30.5%) below the year-ago figure.
Comstock's (CRK) major position in the prolific Haynesville/Bossier Shale play provides a highly visible and cost-effective production growth profile.
Stock Monitor: Comstock Resources Post Earnings Reporting LONDON, UK / ACCESSWIRE / June 5, 2018 / If you want access to our free earnings report on EOG Resources, Inc. (NYSE: EOG ) ("EOG"), ...
Imagine you are a director at a small-ish exploration and production company in the middle of an oil-market crash. Water under the bridge, of course – except Comstock recently announced a deal to sell an 84 percent stake in itself to a company controlled by Jerry Jones, owner of the Dallas Cowboys.
WallStEquities.com takes a look at the Independent Oil and Gas space, which includes companies that only explore for and produce oil and gas. Under monitoring this morning are these four stocks Comstock Resources Inc. (NYSE: CRK), Denbury Resources Inc. (NYSE: DNR), Eclipse Resources Corp. (NYSE: ECR), and Enbridge Energy Management L.L.C. (NYSE: EEQ).
Before breaking out recently, natural gas prices remained firmly in the $2.60-$2.85 per MMBtu range for the last several months.
Earnings theoretically determine the growth or contraction of companies as well as their stocks. According to the latest Earnings Outlook report, total earnings for these companies increased 24.2% from the same period last year on 8.7% higher revenues, with 77.7% delivering positive earnings surprises and 74.6% beating revenue estimates. While 66.7% of the companies beat earnings estimates, 70% outperformed on the top line.
Comstock Resources, Inc. is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for CRK for clues.
Total consumption of natural gas averaged around 57.5 Bcf per day, 4% higher on a weekly basis due to rising usage for power generation.
NEW YORK, May 21, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Castle ...
In this part, we’ll discuss the top percentage gainers from the upstream sector in the US for the week starting on May 14. In the week starting on May 14, Legacy Reserves LP (LGCY) increased from last week’s close of $7.99 to $9.65 on May 16—an increase of ~21%. The company increased ~11% on Wednesday—more than the 30-day average volume. In the first quarter, Legacy Reserves reported revenues of ~$ 137 million—worse than analysts’ consensus of ~$143 million.
Following robust first-quarter results, Cheniere Energy (LNG) raises its full-year 2018 EBITDA and distributable cash flow guidance.
On a per-share basis, the Frisco, Texas-based company said it had a loss of $2.78. Losses, adjusted for non-recurring costs, came to 23 cents per share. The oil and gas company posted revenue of $72.6 ...
COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS FRISCO, TEXAS, May 10, 2018 - Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) ...
Comstock Resources, Inc. ("Comstock" or the "Company") (CRK) announced today that it has entered into a definitive agreement with Arkoma Drilling, L.P. ("Arkoma") and Williston Drilling, L.P. ("Williston") to acquire certain oil and gas assets located in North Dakota in exchange for common stock in the Company. Arkoma and Williston (collectively, the "Partnerships") are owned by Dallas businessman and owner of the Dallas Cowboys Football Club Ltd., Jerry Jones and his family. The Company has valued the assets to be acquired at approximately $620 million. The effective date for the acquisition of the assets is April 1, 2018. There is no debt associated with the assets. The Partnerships will collectively receive approximately 88.6 million newly issued shares of Comstock common stock based on an agreed upon share price of $7.00 per share, subject to adjustment as provided in the contribution agreement. Upon completion of the transaction, the Partnerships will own approximately 84% of the Company`s pro forma outstanding shares. The acquisition is subject to approval by the Company`s stockholders and satisfaction of certain other closing conditions including the refinancing of the Company`s debt.
COMSTOCK RESOURCES, INC. ANNOUNCES CLOSING OF EAGLE FORD SHALE DIVESTITURE FRISCO, TEXAS, April 30, 2018 - Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced ...
United States Exploration & Production segment is likely to benefit from higher price realizations and production volumes, thereby driving Marathon Oil's (MRO) Q1 results.