Head to Head Comparison: Continental Resources (NYSE:CLR) and Comstock Resources (CRK)
Continental Resources (NYSE: CLR) and Comstock Resources (NYSE:CRK) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitabiliy, earnings, risk and valuation.
Risk & Volatility
Continental Resources has a beta of 1.42, meaning that its share price is 42% more volatile than the S&P 500. Comparatively, Comstock Resources has a beta of -0.45, meaning that its share price is 145% less volatile than the S&P 500.
Institutional & Insider Ownership
23.0% of Continental Resources shares are held by institutional investors. Comparatively, 50.0% of Comstock Resources shares are held by institutional investors. 77.0% of Continental Resources shares are held by insiders. Comparatively, 11.6% of Comstock Resources shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
This table compares Continental Resources and Comstock Resources’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current ratings and recommmendations for Continental Resources and Comstock Resources, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Continental Resources presently has a consensus price target of $50.55, suggesting a potential upside of 60.92%. Comstock Resources has a consensus price target of $12.75, suggesting a potential upside of 88.61%. Given Comstock Resources’ higher possible upside, analysts plainly believe Comstock Resources is more favorable than Continental Resources.
Earnings & Valuation
This table compares Continental Resources and Comstock Resources’ gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Continental Resources||$2.27 billion||5.13||$1.56 billion||($0.55)||-57.11|
|Comstock Resources||$188.50 million||0.55||$128.07 million||($7.99)||-0.85|
Continental Resources has higher revenue and earnings than Comstock Resources. Continental Resources is trading at a lower price-to-earnings ratio than Comstock Resources, indicating that it is currently the more affordable of the two stocks.
Continental Resources beats Comstock Resources on 10 of the 13 factors compared between the two stocks.
About Continental Resources
Continental Resources, Inc. is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units. The South region includes properties south of Nebraska and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP), Sooner Trend Anadarko Canadian Kingfisher (STACK), and Arkoma Woodford areas of Oklahoma. The East region is consists of undeveloped leasehold acreage east of the Mississippi River with no drilling or production operations. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of oil equivalent (MMBoe), with estimated proved developed reserves of 519 MMBoe. As of December 31, 2016, its average daily production from South region properties was 91,088 barrels of oil equivalent (Boe) per day.
About Comstock Resources
Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas.
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