Comstock Resources, Inc.
CRKComstock Resources, Inc. (CRK) is an independent oil and natural gas exploration and production company headquartered in Texas. The firm focuses on the acquisition, development, and exploration of hydrocarbon properties primarily in the Appalachian Basin, including the Marcellus and Utica shale formations. Comstock aims to optimize its resource portfolio through strategic drilling and production activities, contributing to the energy sector with a focus on natural gas and liquids.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 15, 2023 | $0.12 | 2023-11-30 | 2023-12-01 |
| September 15, 2023 | $0.12 | 2023-08-31 | 2023-09-01 |
| June 15, 2023 | $0.12 | 2023-05-31 | 2023-06-01 |
| March 15, 2023 | $0.12 | 2023-02-28 | 2023-03-01 |
| December 15, 2022 | $0.12 | 2022-11-30 | 2022-12-01 |
Dividends Summary
- Consistent Payer: Comstock Resources, Inc. has rewarded shareholders with 12 dividend payments over the past 10 years.
- Total Returned Value: Investors who held CRK shares during this period received a total of $1.50 per share in dividend income.
- Latest Payout: The most recent dividend of $0.12/share was paid 946 days ago, on December 15, 2023.
- Yield & Schedule: CRK currently pays dividends quarterly with an annual yield of 3.75%.
- Dividend Growth: Since 2013, the dividend payout has grown by 0.0%, from $0.12 to $0.12.
- Dividend Reliability: CRK has maintained or increased its dividend for 12 consecutive payments.
Company News
Comstock Resources sold a 27% non-controlling equity interest in its midstream subsidiary Pinnacle Gas Services to Sixth Street for $600 million, valuing Pinnacle at $2.2 billion enterprise value. Comstock retained 73% controlling interest and used proceeds to eliminate all Pinnacle debt and preferred equity while reducing annual fixed charges by...
President Trump approved NextEra Energy's plan to develop up to 10 gigawatts of natural gas power in Texas and Pennsylvania, backed by Japan's $550 billion investment commitment. The projects aim to meet rising electricity demand from data centers and manufacturing while strengthening U.S. energy security. Despite the positive news, NEE shares de...
Comstock Fuels has expanded its exclusive marketing agreement with SACL, a Singapore-based renewable fuel project developer, to facilitate the financing, construction, and operation of SACL's first planned site in Vietnam, in addition to three existing sites in Australia. The agreement aims to produce sustainable aviation fuel and other renewable...
The natural gas market continues to struggle with oversupply, leading producers to cut output further. Investors should focus on fundamentally strong stocks like Range Resources and Coterra Energy, while avoiding higher-risk options like Comstock Resources amid the prevailing market instability.
In the preceding three months, 5 analysts have released ratings for Comstock Resources (NYSE:CRK), presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Som...
