Comstock Resources Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: C0AF5F0D2ACBEN
BAC Reports

Abstracts

Comstock Resources Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Comstock Resources Inc. and its competitors. This provides our Clients with a clear understanding of Comstock Resources Inc. position in the Energy Industry.

• The report contains detailed information about Comstock Resources Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Comstock Resources Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Comstock Resources Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Comstock Resources Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Comstock Resources Inc. business.

About Comstock Resources Inc.

Comstock Resources, Inc. engages in the acquisition, development, production and exploration of oil and natural gas. The company’s oil and gas operations are concentrated in its East Texas/North Louisiana and South Texas regions.

Reserves

As of December 31, 2009, the company had 725.7 billion cubic feet of natural gas equivalent.

Properties

East Texas/North Louisiana Region

The company owns interests in 923 producing wells (561.5 net) in 28 field areas. It operates 633 of these wells. The major of its fields in this region are the Logansport, Toledo Bend, Beckville, Waskom, Blocker, Mansfield, Hico-Knowles/Terryville, Darco, Douglass, Cadeville, and Longwood fields.

Logansport

The Logansport field located in DeSoto and Sabine Parishes, Louisiana primarily produces from the Haynesville shale formation at a depth of 11,100 to 11,500 feet and from multiple sands in the Cotton Valley and Hosston formations at an average depth of 8,000 feet. The company owns interests in 190 wells (119.9 net) and operates 133 of these wells in this field.

Toledo Bend

The Toledo Bend field is located in Desoto and Sabine Parishes, Louisiana. In 2009, it drilled 16 (10.1 net) Haynesville shale horizontal wells at Toledo Bend. The company owns interests in 15 producing wells (9.3 net) and operates 10 of these wells. As of December 31, 2009, the company had 3 wells (2.3 net) that were in the process of being drilled and 2 wells (1.8 net) in the process of being completed.

Beckville

The Beckville field is located in Panola and Rusk Counties, Texas. The company operates 193 wells in this field and owns interests in 78 additional wells for a total of 271 wells (162.4 net).

Waskom

The Waskom field is located in Harrison and Panola Counties in Texas. The company owns interests in 75 wells in this field (48.7 net) and operates 57 wells in this field. In 2009, the company drilled two horizontal Cotton Valley wells and one Haynesville shale well in the Waskom field.

Blocker

The company owns interests in 77 wells (71.3 net) and operates 72 of these wells. During 2009, it drilled three Haynesville shale horizontal wells and one Cotton Valley horizontal well at Blocker.

Mansfield

The Mansfield field is located in DeSoto Parish Louisiana. During 2009, it drilled 3 (1.9 net) Haynesville shale horizontal wells.

Hico-Knowles/Terryville

The company owns interests in 71 wells (25.9 net) and operates 23 of these wells.

Darco

The Darco field is located in Harrison County, Texas. The company owns interests in 24 wells (18.8 net) and operates all of these wells.

Douglass

The Douglass field is located in Nacogdoches County, Texas. The company owns interests in 42 wells (26.9 net) and operates 34 of these wells.

Cadeville

The company owns interests in 7 wells (4.0 net) and operates 5 of these wells.

Longwood

The Longwood field is located in Harrison County, Texas. The company owns interests in 25 wells in this field (20.6 net), and operates 22 wells in this field. It drilled one Haynesville shale horizontal well in this field during 2009.

South Texas Region

The company owns interests in 236 producing wells (125.6 net). It owns interests in 16 field areas in the region.

Fandango

The company owns interests in 21 natural gas wells (21.0 net) in the Fandango field, located in Zapata County, Texas. It drilled two development wells in 2009.

Double A Wells

The company owns interests in and operates 59 producing wells (28.6 net) in this field in Polk County, Texas.

Rosita

The company owns interests in 32 natural gas wells (17.3 net) in the Rosita field, located in Duval County, Texas. It operates four of these wells.

Las Hermanitas

The company owns interests in and operates 15 natural gas wells (12.2 net) in the Las Hermanitas field, located in Duval County, Texas.

Javelina

The company owns interests in 17 natural gas wells and 1 oil well (18 net), in the Javelina field in Hidalgo County in South Texas.

Ball Ranch

The Ball Ranch field is located in Kenedy County in South Texas. The company has interests in 34 producing wells (7.8 net) in this field. During 2009, it drilled 3 (1.4 net) wells in this field.

Other Regions

The company operates in other regions, including Mississippi, New Mexico, Kentucky and the Mid-Continent regions. Within these regions, it owns interests in 482 producing wells (216.3 net) in 19 fields.

Laurel

The Laurel field is located in Jones County, Mississippi near a structurally complex salt dome. The company owns interests in and operates 52 producing wells (49.1 net) in the Laurel field.

San Juan

The company’s San Juan Basin properties are located in the west-central portion of the basin in San Juan County, New Mexico. It owns interests in 97 wells (14.6 net) in this field.

Maxie

The Maxie field is located along the southern boundary of the Mississippi Salt Basin and northern edge of Wiggins Arch in Forrest and Pearl River Counties in Mississippi. The company owns interests in and operates 3 wells (2.1 net) in this field.

Customers

The company’s customers include BP Energy Company and Shell Oil Company.

History

Comstock Resources, Inc. was founded in 1919.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. COMSTOCK RESOURCES INC. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. COMSTOCK RESOURCES INC. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. COMSTOCK RESOURCES INC. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. COMSTOCK RESOURCES INC. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. COMSTOCK RESOURCES INC. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Comstock Resources Inc. Direct Competitors
5.2. Comparison of Comstock Resources Inc. and Direct Competitors Financial Ratios
5.3. Comparison of Comstock Resources Inc. and Direct Competitors Stock Charts
5.4. Comstock Resources Inc. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Comstock Resources Inc. Industry Position Analysis

6. COMSTOCK RESOURCES INC. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. COMSTOCK RESOURCES INC. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. COMSTOCK RESOURCES INC. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. COMSTOCK RESOURCES INC. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. COMSTOCK RESOURCES INC. PORTER FIVE FORCES ANALYSIS²

12. COMSTOCK RESOURCES INC. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Comstock Resources Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Comstock Resources Inc. 1-year Stock Charts
Comstock Resources Inc. 5-year Stock Charts
Comstock Resources Inc. vs. Main Indexes 1-year Stock Chart
Comstock Resources Inc. vs. Direct Competitors 1-year Stock Charts
Comstock Resources Inc. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Comstock Resources Inc. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Comstock Resources Inc. Key Executives
Comstock Resources Inc. Major Shareholders
Comstock Resources Inc. History
Comstock Resources Inc. Products
Revenues by Segment
Revenues by Region
Comstock Resources Inc. Offices and Representations
Comstock Resources Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Comstock Resources Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Comstock Resources Inc. Capital Market Snapshot
Comstock Resources Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Comstock Resources Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Comstock Resources Inc. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?