Bear of the Day: Comstock Resources (CRK)

Comstock Resources, Inc. (CRK) is caught in plunging commodity prices. This Zacks Rank #5 (Strong Sell) has suspended its dividend due to weak natural gas prices.Comstock Resources is an independent natural gas producer with operations in the Haynesville shale in North Louisiana and East Texas. It has a $2 billion market cap.Third Miss in a Row in the Fourth Quarter 2023On Feb 13, 2024, Comstock Resources reported its fourth quarter 2023 results and missed for the third quarter in a row. Earnings were$0.10 ...