Comstock Resources Inc
NYSE:CRK
CRK's latest stock split occurred on Aug 1, 2016
The company executed a 1-for-5 stock split, meaning that for every 5 shares held, investors received 1 new share.
Before the split, CRK traded at 0.8234 per share. Afterward, the share price was about 2.7301.
The adjusted shares began trading on Aug 1, 2016. This was CRK's 2nd stock split, following the previous one in Mar 15, 1990.
WKSP
NAYA
300803
WKHS
Comstock Resources Inc
Glance View
Comstock Resources Inc., nestled in the heart of Texas, has carved out a formidable niche in the American energy landscape. This company, founded in 1919, has evolved over the decades from a diverse conglomerate to a focused and dynamic player in the oil and gas industry. Today, it primarily dedicates its efforts to the exploration and production of natural gas, with a particular emphasis on the Haynesville Shale in North Louisiana and East Texas. This strategic concentration allows Comstock to leverage the vast potential of one of the nation’s most prolific natural gas fields. By utilizing advanced drilling techniques and a deep understanding of geological formations, Comstock maximizes extraction efficiency and bolsters its reserves, ensuring a steady flow of resources to meet America's energy demands. The company’s financial well-being relies heavily on its ability to adeptly navigate the cyclical tides of the energy market. Comstock generates revenue by selling the natural gas extracted from its wells to marketers, utilities, and industrial users. Unlike many of its competitors, Comstock has chosen to hedge a significant portion of its production, mitigating the risks associated with volatile commodity prices. This strategy not only stabilizes cash flow but also positions the company to manage operational costs and reinvest in further exploration and development projects. By maintaining a sharp focus on cost management, efficiently deploying capital, and strategically managing its resource portfolio, Comstock Resources continues to strengthen its position as a resilient entity amidst the ever-changing currents of the energy sector.
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