UPDATE 1-Comstock Resources to acquire Covey Park in $2.2 billion deal [Reuters]
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-irhome
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Source: Reuters
Comstock Resources to acquire Covey Park in $2.2 billion deal - Reuters 2 Min Read (Reuters) - Comstock Resources Inc said on Monday it would buy privately held natural gas company Covey Park in a deal valued at about $2.2 billion, including debt, to strengthen its position in the Haynesville shale basin. The cash-and-stock deal would raise Comstock’s net production to more than 1.1 billion cubic feet equivalent per day, the company said. Dallas-based billionaire Jerry Jones, who first invested in Comstock in April last year, will infuse an additional $475 million in cash for 50,000,000 of newly issued shares of Comstock common stock. The additional equity investment brings Jerry Jones’ total investment in Comstock to about $1.1 billion. Natural gas output at Haynesville, located in northern Louisiana and eastern Texas, is projected to be the second fastest-growing among shale basins this month, according to U.S. Energy Information Administration. Wells Fargo Securities, LLC and BMO C
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CRK
News
- Comstock Resources, Inc. (NYSE: CRK) was upgraded by analysts at Mizuho from an "underperform" rating to a "neutral" rating. They now have a $18.00 price target on the stock, up previously from $10.00.MarketBeat
- Is Comstock Resources, Inc. (NYSE:CRK) Expensive For A Reason? A Look At Its Intrinsic Value [Yahoo! Finance]Yahoo! Finance
- Comstock Resources, Inc. (NYSE: CRK) had its price target raised by analysts at Citigroup Inc. from $12.50 to $15.50. They now have a "neutral" rating on the stock.MarketBeat
- CRK: High-Cost Gas Producer With Excess Debt [Seeking Alpha]Seeking Alpha
- Winter to Be Colder: RRC, AR, CRK Stocks to Gain From Gas Demand? [Yahoo! Finance]Yahoo! Finance
CRK
Earnings
- 10/30/24 - Miss
CRK
Sec Filings
- 12/18/24 - Form 144
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- CRK's page on the SEC website