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Comstock Resources

DB:CX91
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CX91
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Comstock Resources, Inc., an independent energy company, engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Comstock Resources has significant price volatility in the past 3 months.
CX91 Share Price and Events
7 Day Returns
30.4%
DB:CX91
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-3.6%
DB:CX91
34.4%
DE Oil and Gas
-14.2%
DE Market
CX91 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comstock Resources (CX91) 30.4% 42.2% -15.5% -3.6% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • CX91 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • CX91 outperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

CX91 Value

 Is Comstock Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Comstock Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comstock Resources.

DB:CX91 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CX91
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (198.44%))
1.961
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.961 * 5.44%)
10.28%

Discounted Cash Flow Calculation for DB:CX91 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comstock Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CX91 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.28%)
2020 165.67 Analyst x3 150.23
2021 229.00 Analyst x3 188.31
2022 142.00 Analyst x2 105.89
2023 98.92 Est @ -30.34% 66.89
2024 77.80 Est @ -21.35% 47.70
2025 66.08 Est @ -15.06% 36.74
2026 59.03 Est @ -10.66% 29.77
2027 54.56 Est @ -7.58% 24.95
2028 51.60 Est @ -5.42% 21.39
2029 49.58 Est @ -3.91% 18.64
Present value of next 10 years cash flows $690.00
DB:CX91 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $49.58 × (1 + -0.39%) ÷ (10.28% – -0.39%)
$463.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $463.02 ÷ (1 + 10.28%)10
$174.10
DB:CX91 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $690.00 + $174.10
$864.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $864.10 / 190.00
$4.55
DB:CX91 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CX91 represents 0.90361x of NYSE:CRK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90361x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.55 x 0.90361
€4.11
Value per share (EUR) From above. €4.11
Current discount Discount to share price of €6.00
= -1 x (€6.00 - €4.11) / €4.11
-46%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Comstock Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comstock Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comstock Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CX91 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.52
NYSE:CRK Share Price ** NYSE (2020-04-07) in USD $6.64
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Comstock Resources.

DB:CX91 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CRK Share Price ÷ EPS (both in USD)

= 6.64 ÷ 0.52

12.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comstock Resources is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Comstock Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Comstock Resources's expected growth come at a high price?
Raw Data
DB:CX91 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
26.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:CX91 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.79x ÷ 26.8%

0.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comstock Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Comstock Resources's assets?
Raw Data
DB:CX91 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $6.02
NYSE:CRK Share Price * NYSE (2020-04-07) in USD $6.64
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:CX91 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CRK Share Price ÷ Book Value per Share (both in USD)

= 6.64 ÷ 6.02

1.1x

* Primary Listing of Comstock Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comstock Resources is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Comstock Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Comstock Resources has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CX91 Future Performance

 How is Comstock Resources expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comstock Resources expected to grow at an attractive rate?
  • Comstock Resources's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Comstock Resources's earnings growth is expected to exceed the Germany market average.
  • Comstock Resources's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CX91 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CX91 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 26.8%
DB:CX91 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 15.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CX91 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CX91 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,079 660 103 1
2021-12-31 1,182 656 163 3
2020-12-31 1,036 559 76 3
2020-04-08
DB:CX91 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 740 451 74
2019-09-30 607 381 84
2019-06-30 488 274 82
2019-03-31 442 -64
2018-12-31 375 188 -29
2018-09-30 315 -170
2018-06-30 302 -258
2018-03-31 279 -191
2017-12-31 250 175 -111

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comstock Resources's earnings are expected to grow significantly at over 20% yearly.
  • Comstock Resources's revenue is expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CX91 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Comstock Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CX91 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.36 0.36 0.36 1.00
2021-12-31 0.73 1.02 0.42 3.00
2020-12-31 0.37 0.52 0.22 3.00
2020-04-08
DB:CX91 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.52
2019-09-30 0.69
2019-06-30 0.86
2019-03-31 -0.61
2018-12-31 -0.57
2018-09-30 -1.60
2018-06-30 -16.79
2018-03-31 -12.64
2017-12-31 -7.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Comstock Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Comstock Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comstock Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CX91 Past Performance

  How has Comstock Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Comstock Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comstock Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Comstock Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Comstock Resources has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Comstock Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comstock Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CX91 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 739.51 74.12 29.88
2019-09-30 607.10 83.80 31.39
2019-06-30 487.58 82.10 29.29
2019-03-31 441.84 -64.07 35.00
2018-12-31 375.44 -28.63 27.10
2018-09-30 314.62 -169.79 32.07
2018-06-30 302.25 -257.60 38.79
2018-03-31 279.33 -190.73 32.15
2017-12-31 249.96 -111.41 26.14
2016-12-31 170.77 -135.13 23.96
2015-12-31 21.27 20.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Comstock Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Comstock Resources used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if Comstock Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Comstock Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comstock Resources has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CX91 Health

 How is Comstock Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Comstock Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comstock Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Comstock Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Comstock Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Comstock Resources Company Filings, last reported 3 months ago.

DB:CX91 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,522.61 2,500.13 18.53
2019-09-30 1,445.20 2,508.07 53.24
2019-06-30 605.82 1,267.39 46.75
2019-03-31 583.79 1,265.85 29.32
2018-12-31 569.57 1,244.36 23.19
2018-09-30 521.11 1,242.84 31.78
2018-06-30
2018-03-31 -369.27 1,110.53 61.26
2017-12-31 -369.27 1,110.53 61.26
2016-12-31
2015-12-31
  • Comstock Resources's level of debt (164.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if Comstock Resources's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Comstock Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comstock Resources has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CX91 Dividends

 What is Comstock Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Comstock Resources dividends.
If you bought €2,000 of Comstock Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Comstock Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Comstock Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CX91 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CX91 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Comstock Resources has not reported any payouts.
  • Unable to verify if Comstock Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Comstock Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Comstock Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Comstock Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comstock Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comstock Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CX91 Management

 What is the CEO of Comstock Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Miles Allison
COMPENSATION $8,001,398
AGE 63
TENURE AS CEO 32.3 years
CEO Bio

Mr. Miles Jay Allison Co-founded Midwood Petroleum Inc. in 1983. Mr. Allison has been the Chief Executive Officer of Comstock Resources Inc. since 1988 and served as its President from 1988 to May 8, 2013. From 1987 to 1988, Mr. Allison served as Vice President and Secretary of Comstock Resources Inc. From 1981 to 1987, he served as a Practicing oil and gas Attorney of Lynch, Chappell & Alsup in Midland, Texas. Midwood Petroleum Inc., was active in the acquisition and development of oil and gas properties from 1983 to 1987. He has been the Chairman of the Board of Comstock Resources Inc. since 1997. He serves as Chairman of Comstock Oil & Gas, LP. He served as Chairman of Bois d'Arc Energy Inc., (Previously, Bois D'arc Energy LLC) since July 2004. He has been a Director of Comstock Resources Inc. since June 1987. He served as a Director of Tidewater Inc. since September 21, 2006 until July 31, 2017. Mr. Allison served as Director of Bois d'Arc Energy Inc., since July 2004. He serves on the Board of Regents for Baylor University and on the Advisory Board of the Salvation Army in Dallas, Texas. Mr. Allison received B.B.A., M.S. and J.D. degrees from Baylor University in 1978, 1980 and 1981, respectively.

CEO Compensation
  • Miles's compensation has increased in line with Comstock Resources recently becoming profitable.
  • Miles's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Comstock Resources management team in years:

1.7
Average Tenure
57
Average Age
  • The average tenure for the Comstock Resources management team is less than 2 years, this suggests a new team.
Management Team

Miles Allison

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
63
TENURE
32.3 yrs

Roland Burns

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
7.3 yrs

Dan Harrison

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
55
TENURE
2.7 yrs

Dan Presley

TITLE
VP of Accounting
AGE
59
TENURE
23.3 yrs

Ron Mills

TITLE
Vice President of Finance & Investor Relations
AGE
47
TENURE
0.7 yrs

David Terry

TITLE
Senior Vice President of Corporate Development
AGE
38
TENURE
0.8 yrs

Whitney Ward

TITLE
Vice President of Marketing
AGE
34
TENURE
0.8 yrs

Mike McBurney

TITLE
Executive Officer
AGE
64
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Comstock Resources board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Comstock Resources board of directors is about average.
Board of Directors

Miles Allison

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
63
TENURE
23.3 yrs

Roland Burns

TITLE
President
COMPENSATION
$5M
AGE
59
TENURE
21.3 yrs

Elizabeth Davis

TITLE
Independent Director
COMPENSATION
$220K
AGE
56
TENURE
6.3 yrs

Morris Foster

TITLE
Independent Director
COMPENSATION
$213K
AGE
76
TENURE
3.3 yrs

Jim Turner

TITLE
Lead Director
COMPENSATION
$229K
AGE
73
TENURE
1.7 yrs

Jordan Marye

TITLE
Director
AGE
38
TENURE
0.8 yrs

John Jacobi

TITLE
Director
AGE
65
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Sep 19 Sell Russell Romoser Individual 20. Sep 19 20. Sep 19 -6,319 €8.51 €-53,765
17. Jul 19 Buy Williston Drilling, L.P. Company 16. Jul 19 16. Jul 19 12,285,000 €5.35 €65,719,836
17. Jul 19 Buy Arkoma Drilling, L.P. Company 16. Jul 19 16. Jul 19 37,715,000 €5.35 €201,760,164
X
Management checks
We assess Comstock Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comstock Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CX91 News

Simply Wall St News

CX91 Company Info

Description

Comstock Resources, Inc., an independent energy company, engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. As of December 31, 2019, the company had 5.3 trillion cubic feet of natural gas equivalent and 16.7 million barrels of oil equivalent of proved reserves. It also owns an interest in 2,800 producing oil and natural gas wells. The company was founded in 1983 and is headquartered in Frisco, Texas.

Details
Name: Comstock Resources, Inc.
CX91
Exchange: DB
Founded: 1983
$1,158,430,238
190,004,776
Website: http://www.crkfrisco.com
Address: Comstock Resources, Inc.
Comstock Tower,
Suite 500,
Frisco,
Texas, 75034,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CRK Common Stock New York Stock Exchange US USD 15. Aug 2018
DB CX91 Common Stock Deutsche Boerse AG DE EUR 15. Aug 2018
Number of employees
Current staff
Staff numbers
207
Comstock Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 06:31
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.