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Comstock Resources Inc
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Let's analyse Comstock Resources Inc together

PenkeI guess you are interested in Comstock Resources Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Comstock Resources Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Comstock Resources Inc (30 sec.)










What can you expect buying and holding a share of Comstock Resources Inc? (30 sec.)

How much money do you get?

How much money do you get?
€0.51
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€7.58
Expected worth in 1 year
€8.07
How sure are you?
77.8%

+ What do you gain per year?

Total Gains per Share
€0.95
Return On Investment
13.6%

For what price can you sell your share?

Current Price per Share
€7.00
Expected price per share
€0 - €7.658
How sure are you?
50%
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1. Valuation of Comstock Resources Inc (5 min.)




Live pricePrice per Share (EOD)

€7.00

2. Growth of Comstock Resources Inc (5 min.)




Is Comstock Resources Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$2.2b$1.3b$934.8m40.5%

How much money is Comstock Resources Inc making?

Current yearPrevious yearGrowGrow %
Making money$155.8m$245.3m-$89.5m-57.5%
Net Profit Margin18.0%25.9%--

How much money comes from the company's main activities?

3. Financial Health of Comstock Resources Inc (5 min.)




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What can you expect buying and holding a share of Comstock Resources Inc? (5 min.)

Welcome investor! Comstock Resources Inc's management wants to use your money to grow the business. In return you get a share of Comstock Resources Inc.

What can you expect buying and holding a share of Comstock Resources Inc?

First you should know what it really means to hold a share of Comstock Resources Inc. And how you can make/lose money.

Speculation

The Price per Share of Comstock Resources Inc is €6.996. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Comstock Resources Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Comstock Resources Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €7.58. Based on the TTM, the Book Value Change Per Share is €0.12 per quarter. Based on the YOY, the Book Value Change Per Share is €0.95 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.12 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Comstock Resources Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.050.8%0.568.0%1.0515.0%0.588.3%0.588.3%
Usd Book Value Change Per Share-0.06-0.9%0.131.9%1.0314.7%0.9113.0%0.9113.0%
Usd Dividend Per Share0.131.8%0.131.8%0.020.3%0.071.0%0.071.0%
Usd Total Gains Per Share0.060.9%0.263.7%1.0515.0%0.9814.0%0.9814.0%
Usd Price Per Share11.37-11.76-13.16-12.13-12.13-
Price to Earnings Ratio53.79-10.93-0.01-4.65-4.65-
Price-to-Total Gains Ratio176.95-39.96-0.01-18.06-18.06-
Price to Book Ratio1.39-1.42-2.22-1.91-1.91-
Price-to-Total Gains Ratio176.95-39.96-0.01-18.06-18.06-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.5640752
Number of shares132
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.130.07
Usd Book Value Change Per Share0.130.91
Usd Total Gains Per Share0.260.98
Gains per Quarter (132 shares)34.07129.11
Gains per Year (132 shares)136.28516.43
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1676912635481506
2135138262719621022
320220739810614431538
426927653414219242054
533734567017724052570
640441480621328863086
747148394224833673602
8539552107828438484118
9606620121431943294634
10673689135035448105150

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%6.03.00.066.7%6.03.00.066.7%6.03.00.066.7%6.03.00.066.7%
Book Value Change Per Share2.02.00.050.0%6.03.00.066.7%6.03.00.066.7%6.03.00.066.7%6.03.00.066.7%
Dividend per Share4.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Total Gains per Share3.01.00.075.0%7.02.00.077.8%7.02.00.077.8%7.02.00.077.8%7.02.00.077.8%
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Fundamentals of Comstock Resources Inc

About Comstock Resources Inc

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Comstock Resources Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Comstock Resources Inc earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • A Net Profit Margin of 3.9% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Comstock Resources Inc:

  • The MRQ is 3.9%. The company is making a profit. +1
  • The TTM is 18.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ3.9%TTM18.0%-14.1%
TTM18.0%YOY25.9%-7.9%
TTM18.0%5Y13.2%+4.8%
5Y13.2%10Y13.2%0.0%
1.1.2. Return on Assets

Shows how efficient Comstock Resources Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • 0.2% Return on Assets means that Comstock Resources Inc generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Comstock Resources Inc:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 2.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.2%TTM2.7%-2.5%
TTM2.7%YOY4.7%-2.0%
TTM2.7%5Y2.7%+0.1%
5Y2.7%10Y2.7%0.0%
1.1.3. Return on Equity

Shows how efficient Comstock Resources Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • 0.6% Return on Equity means Comstock Resources Inc generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Comstock Resources Inc:

  • The MRQ is 0.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 6.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.6%TTM6.8%-6.1%
TTM6.8%YOY16.5%-9.7%
TTM6.8%5Y6.5%+0.3%
5Y6.5%10Y6.5%0.0%
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1.2. Operating Efficiency of Comstock Resources Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Comstock Resources Inc is operating .

  • Measures how much profit Comstock Resources Inc makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Comstock Resources Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Comstock Resources Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 1.72 means that the operating costs are €1.72 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Comstock Resources Inc:

  • The MRQ is 1.724. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.509. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.724TTM1.509+0.215
TTM1.509YOY0.647+0.862
TTM1.5095Y1.050+0.459
5Y1.05010Y1.0500.000
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1.3. Liquidity of Comstock Resources Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Comstock Resources Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.50 means the company has €0.50 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Comstock Resources Inc:

  • The MRQ is 0.496. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.598. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.496TTM0.598-0.102
TTM0.598YOY0.497+0.101
TTM0.5985Y0.519+0.079
5Y0.51910Y0.5190.000
1.3.2. Quick Ratio

Measures if Comstock Resources Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • A Quick Ratio of 0.33 means the company can pay off €0.33 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Comstock Resources Inc:

  • The MRQ is 0.325. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.415. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.325TTM0.415-0.089
TTM0.415YOY0.435-0.021
TTM0.4155Y0.403+0.012
5Y0.40310Y0.4030.000
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1.4. Solvency of Comstock Resources Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Comstock Resources Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Comstock Resources Inc to industry mean.
  • A Debt to Asset Ratio of 0.62 means that Comstock Resources Inc assets are financed with 62.2% credit (debt) and the remaining percentage (100% - 62.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Comstock Resources Inc:

  • The MRQ is 0.622. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.602. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.622TTM0.602+0.019
TTM0.602YOY0.731-0.129
TTM0.6025Y0.685-0.083
5Y0.68510Y0.6850.000
1.4.2. Debt to Equity Ratio

Measures if Comstock Resources Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Comstock Resources Inc to the  industry mean.
  • A Debt to Equity ratio of 164.2% means that company has €1.64 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Comstock Resources Inc:

  • The MRQ is 1.642. The company is just able to pay all its debts with equity.
  • The TTM is 1.519. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.642TTM1.519+0.124
TTM1.519YOY2.781-1.262
TTM1.5195Y2.454-0.935
5Y2.45410Y2.4540.000
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2. Market Valuation of Comstock Resources Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Comstock Resources Inc generates.

  • Above 15 is considered overpriced but always compare Comstock Resources Inc to the  industry mean.
  • A PE ratio of 53.79 means the investor is paying €53.79 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Comstock Resources Inc:

  • The EOD is 35.769. Based on the earnings, the company is overpriced. -1
  • The MRQ is 53.786. Based on the earnings, the company is expensive. -2
  • The TTM is 10.933. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD35.769MRQ53.786-18.017
MRQ53.786TTM10.933+42.853
TTM10.933YOY0.009+10.923
TTM10.9335Y4.651+6.282
5Y4.65110Y4.6510.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Comstock Resources Inc:

  • The EOD is -1.919. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.886. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 7.686. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-1.919MRQ-2.886+0.967
MRQ-2.886TTM7.686-10.572
TTM7.686YOY3.637+4.049
TTM7.6865Y5.993+1.692
5Y5.99310Y5.9930.000
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Comstock Resources Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 1.39 means the investor is paying €1.39 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Comstock Resources Inc:

  • The EOD is 0.923. Based on the equity, the company is cheap. +2
  • The MRQ is 1.387. Based on the equity, the company is underpriced. +1
  • The TTM is 1.417. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.923MRQ1.387-0.465
MRQ1.387TTM1.417-0.030
TTM1.417YOY2.217-0.800
TTM1.4175Y1.910-0.493
5Y1.91010Y1.9100.000
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Comstock Resources Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0560.121-147%0.951-106%0.843-107%0.843-107%
Book Value Per Share--7.5837.687-1%5.454+39%6.207+22%6.207+22%
Current Ratio--0.4960.598-17%0.4970%0.519-4%0.519-4%
Debt To Asset Ratio--0.6220.602+3%0.731-15%0.685-9%0.685-9%
Debt To Equity Ratio--1.6421.519+8%2.781-41%2.454-33%2.454-33%
Dividend Per Share--0.1160.118-2%0.017+566%0.062+86%0.062+86%
Eps--0.0490.519-91%0.973-95%0.536-91%0.536-91%
Free Cash Flow Per Share---0.911-0.087-90%1.252-173%0.546-267%0.546-267%
Free Cash Flow To Equity Per Share--0.053-0.013+124%0.635-92%0.280-81%0.280-81%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap--2929077950.7603023993336.343-3%2840223741.700+3%2832773218.297+3%2832773218.297+3%
Net Profit Margin--0.0390.180-78%0.259-85%0.132-70%0.132-70%
Operating Margin----0%-0%-0%-0%
Operating Ratio--1.7241.509+14%0.647+166%1.050+64%1.050+64%
Pb Ratio0.923-50%1.3871.417-2%2.217-37%1.910-27%1.910-27%
Pe Ratio35.769-50%53.78610.933+392%0.009+594814%4.651+1057%4.651+1057%
Price Per Share6.996-50%10.52010.879-3%12.175-14%11.218-6%11.218-6%
Price To Free Cash Flow Ratio-1.919+33%-2.8867.686-138%3.637-179%5.993-148%5.993-148%
Price To Total Gains Ratio117.677-50%176.95339.965+343%0.008+2196214%18.059+880%18.059+880%
Quick Ratio--0.3250.415-22%0.435-25%0.403-19%0.403-19%
Return On Assets--0.0020.027-91%0.047-95%0.027-91%0.027-91%
Return On Equity--0.0060.068-90%0.165-96%0.065-90%0.065-90%
Total Gains Per Share--0.0590.239-75%0.968-94%0.905-93%0.905-93%
Usd Book Value--2282761291.5832310362343.473-1%1375500335.936+66%1730414808.729+32%1730414808.729+32%
Usd Book Value Change Per Share---0.0610.131-147%1.028-106%0.911-107%0.911-107%
Usd Book Value Per Share--8.1998.311-1%5.897+39%6.711+22%6.711+22%
Usd Dividend Per Share--0.1250.128-2%0.019+566%0.067+86%0.067+86%
Usd Eps--0.0530.562-91%1.052-95%0.579-91%0.579-91%
Usd Free Cash Flow---274310515.703-26465549.755-90%315944593.975-187%135734921.848-302%135734921.848-302%
Usd Free Cash Flow Per Share---0.985-0.094-90%1.354-173%0.590-267%0.590-267%
Usd Free Cash Flow To Equity Per Share--0.057-0.014+124%0.687-92%0.303-81%0.303-81%
Usd Market Cap--3166919080.3623269541595.254-3%3070849909.526+3%3062794403.622+3%3062794403.622+3%
Usd Price Per Share7.564-50%11.37411.762-3%13.164-14%12.129-6%12.129-6%
Usd Profit--14720027.674155834292.968-91%245366461.288-94%146277386.112-90%146277386.112-90%
Usd Revenue--376737708.266519228476.148-27%829120558.744-55%656063677.842-43%656063677.842-43%
Usd Total Gains Per Share--0.0640.258-75%1.047-94%0.978-93%0.978-93%
 EOD+3 -3MRQTTM+6 -28YOY+13 -215Y+13 -2110Y+13 -21

3.2. Fundamental Score

Let's check the fundamental score of Comstock Resources Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1535.769
Price to Book Ratio (EOD)Between0-10.923
Net Profit Margin (MRQ)Greater than00.039
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.325
Current Ratio (MRQ)Greater than10.496
Debt to Asset Ratio (MRQ)Less than10.622
Debt to Equity Ratio (MRQ)Less than11.642
Return on Equity (MRQ)Greater than0.150.006
Return on Assets (MRQ)Greater than0.050.002
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Comstock Resources Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose7.004
Total1/1 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets6,031,108
Total Liabilities3,748,351
Total Stockholder Equity2,282,757
 As reported
Total Liabilities 3,748,351
Total Stockholder Equity+ 2,282,757
Total Assets = 6,031,108

Assets

Total Assets6,031,108
Total Current Assets327,184
Long-term Assets5,703,924
Total Current Assets
Cash And Cash Equivalents 19,835
Net Receivables 214,804
Other Current Assets 68,572
Total Current Assets  (as reported)327,184
Total Current Assets  (calculated)303,211
+/- 23,973
Long-term Assets
Property Plant Equipment 5,368,027
Goodwill 335,897
Long-term Assets  (as reported)5,703,924
Long-term Assets  (calculated)5,703,924
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities659,961
Long-term Liabilities3,088,390
Total Stockholder Equity2,282,757
Total Current Liabilities
Accounts payable 503,564
Total Current Liabilities  (as reported)659,961
Total Current Liabilities  (calculated)503,564
+/- 156,397
Long-term Liabilities
Long term Debt 2,503,407
Capital Lease Obligations Min Short Term Debt151,077
Long-term Liabilities  (as reported)3,088,390
Long-term Liabilities  (calculated)2,654,484
+/- 433,906
Total Stockholder Equity
Retained Earnings 885,474
Total Stockholder Equity (as reported)2,282,757
Total Stockholder Equity (calculated)885,474
+/- 1,397,283
Other
Capital Stock139,214
Common Stock Shares Outstanding 278,429
Net Debt 2,483,572
Net Invested Capital 4,786,164
Net Working Capital -332,777
Property Plant and Equipment Gross 7,330,445



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-30
> Total Assets 
4,887,137
4,668,229
4,749,700
5,288,193
5,584,365
5,694,255
5,700,881
5,836,734
6,031,108
6,031,1085,836,7345,700,8815,694,2555,584,3655,288,1934,749,7004,668,2294,887,137
   > Total Current Assets 
309,592
318,736
268,022
530,811
708,824
644,987
422,824
282,166
327,184
327,184282,166422,824644,987708,824530,811268,022318,736309,592
       Cash And Cash Equivalents 
27,841
30,663
12,137
32,272
38,648
54,652
33,677
9,919
19,835
19,8359,91933,67754,65238,64832,27212,13730,66327,841
       Net Receivables 
243,165
267,738
239,613
471,656
627,338
510,127
254,135
193,917
214,804
214,804193,917254,135510,127627,338471,656239,613267,738243,165
       Other Current Assets 
12,194
15,077
13,671
24,797
40,470
511
59,522
60,777
68,572
68,57260,77759,52251140,47024,79713,67115,07712,194
   > Long-term Assets 
4,577,545
4,349,493
4,481,678
4,757,382
4,875,541
5,049,268
5,278,057
5,554,568
5,703,924
5,703,9245,554,5685,278,0575,049,2684,875,5414,757,3824,481,6784,349,4934,577,545
       Property Plant Equipment 
0
0
0
0
4,539,644
4,713,371
4,942,160
5,218,671
5,368,027
5,368,0275,218,6714,942,1604,713,3714,539,6440000
       Goodwill 
335,897
335,897
335,897
335,897
335,897
335,897
335,897
335,897
335,897
335,897335,897335,897335,897335,897335,897335,897335,897335,897
       Long-term Assets Other 
37
0
0
0
0
0
0
0
0
0000000037
> Total Liabilities 
4,056,856
3,480,450
3,676,183
3,841,914
3,789,949
3,415,941
3,320,706
3,536,548
3,748,351
3,748,3513,536,5483,320,7063,415,9413,789,9493,841,9143,676,1833,480,4504,056,856
   > Total Current Liabilities 
1,063,455
633,984
938,487
964,661
1,091,527
756,137
628,311
762,062
659,961
659,961762,062628,311756,1371,091,527964,661938,487633,9841,063,455
       Accounts payable 
324,811
314,569
318,736
454,752
617,463
530,195
443,501
552,315
503,564
503,564552,315443,501530,195617,463454,752318,736314,569324,811
       Other Current Liabilities 
627,166
181,945
513,645
318,585
285,713
4,420
0
0
0
0004,420285,713318,585513,645181,945627,166
   > Long-term Liabilities 
2,993,401
2,846,466
2,737,696
2,877,253
2,698,422
2,659,804
2,692,395
2,774,486
3,088,390
3,088,3902,774,4862,692,3952,659,8042,698,4222,877,2532,737,6962,846,4662,993,401
       Long term Debt 
2,801,312
2,615,235
2,534,460
2,510,253
2,261,697
2,152,571
2,154,424
2,176,418
2,503,407
2,503,4072,176,4182,154,4242,152,5712,261,6972,510,2532,534,4602,615,2352,801,312
       Capital Lease Obligations Min Short Term Debt
9,527
8,555
6,951
108,358
99,700
93,208
84,859
196,599
151,077
151,077196,59984,85993,20899,700108,3586,9518,5559,527
       Long-term Liabilities Other 
24
24
24
24
8
0
0
0
0
0000824242424
> Total Stockholder Equity
830,281
1,187,779
1,073,517
1,446,279
1,794,416
2,278,314
2,380,175
2,300,186
2,282,757
2,282,7572,300,1862,380,1752,278,3141,794,4161,446,2791,073,5171,187,779830,281
   Common Stock000000000
   Retained Earnings Total Equity000000000
   Accumulated Other Comprehensive Income 000000000
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue2,076,910
Cost of Revenue-1,330,273
Gross Profit746,637746,637
 
Operating Income (+$)
Gross Profit746,637
Operating Expense-1,380,918
Operating Income695,992-634,281
 
Operating Expense (+$)
Research Development-
Selling General Administrative43,946
Selling And Marketing Expenses-
Operating Expense1,380,91843,946
 
Net Interest Income (+$)
Interest Income-
Interest Expense-159,970
Other Finance Cost-0
Net Interest Income-159,970
 
Pretax Income (+$)
Operating Income695,992
Net Interest Income-159,970
Other Non-Operating Income Expenses-
Income Before Tax (EBT)733,665498,349
EBIT - interestExpense = -159,970
623,336
783,306
Interest Expense159,970
Earnings Before Interest and Taxes (EBIT)-893,635
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax733,665
Tax Provision-110,329
Net Income From Continuing Ops623,336623,336
Net Income623,336
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net197,643159,970
 

Technical Analysis of Comstock Resources Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Comstock Resources Inc. The general trend of Comstock Resources Inc is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Comstock Resources Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator StateBullish trend Bearish trend
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Comstock Resources Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 7.21 < 7.63 < 7.658.

The bearish price targets are: .

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Comstock Resources Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Comstock Resources Inc. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Comstock Resources Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Comstock Resources Inc.

Comstock Resources Inc Daily Moving Average Convergence/Divergence (MACD) ChartComstock Resources Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Comstock Resources Inc. The current adx is .

Comstock Resources Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Comstock Resources Inc.

Comstock Resources Inc Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Comstock Resources Inc.

Comstock Resources Inc Daily Relative Strength Index (RSI) ChartComstock Resources Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Comstock Resources Inc.

Comstock Resources Inc Daily Stochastic Oscillator ChartComstock Resources Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Comstock Resources Inc.

Comstock Resources Inc Daily Commodity Channel Index (CCI) ChartComstock Resources Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Comstock Resources Inc.

Comstock Resources Inc Daily Chande Momentum Oscillator (CMO) ChartComstock Resources Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Comstock Resources Inc.

Comstock Resources Inc Daily Williams %R ChartComstock Resources Inc Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Comstock Resources Inc.

Comstock Resources Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Comstock Resources Inc.

Comstock Resources Inc Daily Average True Range (ATR) ChartComstock Resources Inc Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Comstock Resources Inc.

Comstock Resources Inc Daily On-Balance Volume (OBV) ChartComstock Resources Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Comstock Resources Inc.

Comstock Resources Inc Daily Money Flow Index (MFI) ChartComstock Resources Inc Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Comstock Resources Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-10STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-10-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-16ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-10-18STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-10-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-10-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Comstock Resources Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Comstock Resources Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose7.004
Total1/1 (100.0%)
Penke

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