CRK

Energy

Comstock Resources, Inc. · Oil & Gas Exploration & Production · $4B

UQS Score — Balanced Preset
44.9
Below Average

Comstock Resources, Inc. scores 44.9/100 using the Balanced preset.

UQS vs Energy Sector
CRK
44.9
Sector avg
43.5
Quality
Neutral
Moat
Weak
Growth
Neutral
Risk
Weak
Valuation
Attractive

What is Comstock Resources, Inc.?

Comstock Resources is an independent energy company focused on natural gas exploration and production in North Louisiana and East Texas. Operating one of the larger onshore natural gas positions in the United States, the company has built its business around the prolific Haynesville Shale play.

Comstock Resources acquires, explores, develops, and produces natural gas and oil across its core acreage in the Haynesville and Bossier Shale formations. Revenue is generated primarily through the sale of natural gas, making the company's financial performance closely tied to commodity price cycles. The company also holds interests in a large number of producing wells and maintains a substantial proved reserve base, positioning it as a pure-play natural gas operator within the U.S. energy sector.

Comstock Resources was founded in 1987 and is headquartered in Frisco, Texas.

  • Natural gas exploration and production in the Haynesville Shale
  • Oil and gas well development and operations
  • Proved natural gas reserve management
  • Acreage acquisition in North Louisiana and East Texas

Is CRK a Good Stock to Buy?

UQS Score rates CRK as Below Average overall, reflecting a mixed picture across its five quality pillars.

The Growth pillar stands out as a relative bright spot, supported by the company's expansion of its Haynesville Shale position. Valuation also registers as Good, suggesting the stock may not be pricing in an excessive premium relative to its fundamentals — a consideration for investors watching the natural gas market.

The Risk and Moat pillars are both rated Weak, reflecting the company's heavy exposure to natural gas price volatility and limited competitive differentiation in a commodity-driven sector.

See the full pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does CRK pay dividends?

No — Comstock Resources, Inc. does not currently pay a dividend.

Comstock Resources does not currently pay a dividend. As a capital-intensive natural gas producer operating with meaningful debt, the company has prioritized reinvestment into drilling programs and reserve development over returning cash to shareholders through distributions. Investors seeking income may want to weigh this alongside the company's growth-oriented capital allocation approach.

When does CRK report earnings?

Comstock Resources reports earnings on a quarterly cadence, consistent with standard practice for U.S.-listed energy companies.

Quarterly results for natural gas producers like Comstock tend to swing with commodity prices, making revenue and cash flow figures highly variable from period to period. Operational metrics such as production volumes and well costs are typically the focus for investors evaluating underlying business progress.

For the most recent quarter's results and guidance, visit Comstock Resources' investor relations page directly.

CRK Price History

+209.2% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Comstock Resources, Inc.?

$
Today it would be worth
$36,446
That's a +264% total return, or +29.5% annualized.

Based on Comstock Resources, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

CRK Long-term Outlook

The fundamental outlook for Comstock Resources is shaped by two competing forces: a Good Growth profile driven by continued Haynesville Shale development, and a Weak Risk profile tied to natural gas price exposure and balance sheet leverage. If natural gas demand strengthens — particularly from LNG export growth and domestic power generation — the company's large reserve base could support meaningful cash flow improvement. However, the Weak Moat rating signals that Comstock lacks the pricing power or structural advantages to insulate itself from commodity downturns.

Growth drivers

  • Haynesville Shale drilling program expansion
  • Rising U.S. LNG export demand supporting natural gas prices
  • Operational efficiency gains in well development costs

Key risks

  • High sensitivity to natural gas price declines
  • Elevated debt levels constraining financial flexibility
  • Limited competitive moat in a commoditized production environment

CRK vs Peers

Comstock Resources competes within the broader North American natural gas and oil production space alongside a range of independent operators.

PEY.TOCRK scores lower
Peyto Exploration & Development Corp.

Peyto operates in the Canadian deep basin and is known for a low-cost production model, contrasting with Comstock's U.S. Haynesville-focused strategy.

ATH.TOCRK scores lower
Athabasca Oil Corporation

Athabasca focuses on Canadian oil sands and light oil, giving it a different commodity mix and geographic risk profile compared to Comstock's pure-play natural gas operations.

MGYCRK scores lower
Magnolia Oil & Gas Corporation

Magnolia operates in the South Texas Eagle Ford and Austin Chalk, offering a more diversified oil-and-gas mix versus Comstock's concentrated natural gas exposure.

Frequently Asked Questions

What does Comstock Resources do?

Comstock Resources is an independent natural gas producer focused on the Haynesville and Bossier Shale formations in North Louisiana and East Texas. The company acquires, explores, develops, and produces natural gas and oil, generating revenue primarily through commodity sales. It holds a large proved reserve base and interests in thousands of producing wells.

Does CRK pay dividends?

Comstock Resources does not currently pay a dividend. The company directs capital toward drilling and reserve development rather than shareholder distributions. Investors focused on income may want to consider this when evaluating CRK alongside dividend-paying energy peers.

When does CRK report earnings?

Comstock Resources follows a standard quarterly earnings schedule. Because our data does not include specific upcoming dates, investors should check the company's investor relations page or a financial calendar for the most current reporting schedule.

Is CRK a good stock to buy?

UQS Score rates CRK as Below Average overall. The Growth and Valuation pillars are rated Good, but the Risk and Moat pillars are both Weak — reflecting commodity price sensitivity and limited competitive differentiation. Whether CRK fits a portfolio depends on an investor's risk tolerance and view on natural gas prices. The full pillar breakdown is available to Pro members.

Is CRK overvalued?

The UQS Valuation pillar for CRK is rated Good, suggesting the stock does not appear to carry an excessive valuation premium relative to its fundamentals. However, valuation for commodity producers can shift quickly with energy prices, so context matters. See the complete valuation metrics in the Pro view.

How does CRK compare to its competitors?

Comstock Resources is a pure-play U.S. natural gas producer, which sets it apart from peers like Magnolia Oil & Gas, which carries a more balanced oil-and-gas mix, and Canadian operators like Peyto and Athabasca, which face different regulatory and commodity environments. CRK's concentrated Haynesville exposure is both its core strength and a key risk factor.

What is CRK's market cap bracket?

Comstock Resources is classified as a mid-cap company. This places it in a segment of the energy market that can offer more growth potential than large integrated majors, but with greater volatility and less financial resilience than larger peers during commodity downturns.

Who founded Comstock Resources?

Comstock Resources was incorporated in 1987. Detailed founding history, including key executives involved in the company's formation, is widely available through public filings and the company's official investor relations materials.

Is CRK a long-term quality investment?

As a long-term quality indicator, UQS rates CRK as Below Average. The Weak Moat and Weak Risk scores suggest the company faces structural challenges — particularly its dependence on natural gas prices and a leveraged balance sheet. Long-term investors should weigh the Good Growth profile against these durability concerns before committing capital.

What is the main competitive advantage of Comstock Resources?

Comstock's primary competitive position stems from its large, concentrated acreage in the Haynesville Shale, one of the most productive natural gas plays in the United States. However, the UQS Moat pillar is rated Weak, indicating this position does not translate into a durable structural advantage over commodity-price cycles.

What sector does CRK belong to?

Comstock Resources operates in the Energy sector, specifically as an independent oil and natural gas exploration and production company. Its business is almost entirely driven by natural gas, making it more sensitive to gas price movements than diversified energy companies. You can explore other [Energy sector stocks](/sector/energy) on UQS Score.

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Pro Analysis

CRK — Score History

3540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 30/31 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 23, 202644.746.915.055.734.386.6-0.5
May 22, 202645.246.915.056.234.388.6+0.2
May 21, 202645.046.915.056.234.387.8+0.3
May 20, 202644.746.915.056.234.385.7-0.2
May 19, 202644.946.915.056.234.387.20.0
May 17, 202644.946.915.056.234.386.8-0.5
May 16, 202645.446.915.056.934.389.50.0
May 15, 202645.446.915.056.934.389.3-0.2
May 14, 202645.646.915.056.934.390.4+0.1
May 13, 202645.546.915.057.034.390.0+0.2

CRK — Pillar Breakdown

Quality

46.9/100 (25%)

Comstock Resources, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

55.7/100 (20%)

Comstock Resources, Inc. demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendStrong

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

34.3/100 (15%)

Comstock Resources, Inc. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

87.7/100 (15%)

Comstock Resources, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

15/100 (25%)

Comstock Resources, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CRK.

Score Composition

Quality
46.9×25%11.7
Growth
55.7×20%11.1
Risk
34.3×15%5.1
Valuation
87.7×15%13.2
Moat
15.0×25%3.8
Total
44.9Below Average

Financial Data

More Stock Analysis

How is the CRK UQS Score Calculated?

The UQS (Unified Quality Score) for Comstock Resources, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Comstock Resources, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Comstock Resources, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.