Morris Foster - Comstock Resources Independent Director

CRK Stock  USD 15.23  0.23  1.53%   

Director

Mr. Morris E. Foster is Independent Director of the company. Mr. Foster has served as a director since 2017. Mr. Foster retired in 2008 as Vice President of ExxonMobil Corporation and President of ExxonMobil Production Company following more than 40 years of service with the ExxonMobil group. Mr. Foster served in a number of production engineering and management roles domestically as well as in the United Kingdom and Malaysia prior to his appointment in 1995 as a Senior Vice President in charge of the upstream business of Exxon Company, USA. In 1998, Mr. Foster was appointed President of Exxon Upstream Development Company, and following the merger of Exxon and Mobil in 1999, he was named to the position of President of ExxonMobil Development Company. In 2004, Mr. Foster was named President of Exxon Mobil Production Company, the division responsible for ExxonMobils upstream oil and gas exploration and production business, and a Vice President of ExxonMobil Corporationrationration. Mr. Foster currently serves as Chairman of Stagecoach Properties Inc., a real estate holding corporation with properties in Salado, Houston and College Station, Texas and Carmel, California and as a member of the Board of Regents of Texas AM University. In addition, Mr. Foster currently serves on the board of directors of Scott White Medical Institute and First State Bank of Temple, Texas since 2017.
Age 77
Tenure 7 years
Address Comstock Tower, Frisco, TX, United States, 75034
Phone972 668 8800
Webhttps://www.comstockresources.com
Foster brings to the Board extensive executive management experience in the oil and gas industry. He additionally brings his substantial experience in international operations and mergers and acquisitions gained from his career at one of the world’s largest companies.

Comstock Resources Management Efficiency

The company has Return on Asset of (0.0118) % which means that on every $100 spent on assets, it lost $0.0118. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0237) %, meaning that it generated no profit with money invested by stockholders. Comstock Resources' management efficiency ratios could be used to measure how well Comstock Resources manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Comstock Resources' Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.03 this year, although the value of Return On Capital Employed will most likely fall to 0.02. Total Current Liabilities is expected to rise to about 715.6 M this year. Liabilities And Stockholders Equity is expected to rise to about 6.8 B this year
Comstock Resources has 2.71 B in debt with debt to equity (D/E) ratio of 1.81, which is OK given its current industry classification. Comstock Resources has a current ratio of 0.54, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Comstock to invest in growth at high rates of return.

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Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The company was incorporated in 1919 and is headquartered in Frisco, Texas. Comstock Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 205 people. Comstock Resources (CRK) is traded on New York Stock Exchange in USA. It is located in Comstock Tower, Frisco, TX, United States, 75034 and employs 251 people. Comstock Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Comstock Resources Leadership Team

Elected by the shareholders, the Comstock Resources' board of directors comprises two types of representatives: Comstock Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Comstock. The board's role is to monitor Comstock Resources' management team and ensure that shareholders' interests are well served. Comstock Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Comstock Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Presley, Vice President - Accounting, Controller, Treasurer
Miles JD, Chairman CEO
Russell Romoser, Vice President - Reservoir Engineering
Mark Wilson, Vice President - Financial Reporting
Clifford III, VP Officer
Michael McBurney, Vice President - Marketing
M Allison, Chairman of the Board, Chief Executive Officer
Morris Foster, Independent Director
John Jacobi, Independent Director
Miles Allison, Chairman CEO
Lori Kanaman, VP Marketing
Jim Turner, Lead Independent Director
Larae Sanders, Vice President - Land
Patrick McGough, Vice President - Operations
David Terry, Senior Vice President - Corporate Development
Roland CPA, CFO and Presidentident
Whitney Ward, Vice President - Marketing
Brian Claunch, Vice President - Financial Reporting
Roland Burns, President, CFO, Principal Accounting Officer, Secretary and Director
Daniel Harrison, Vice President - Operations
Elizabeth Davis, Independent Director
Jordan Marye, Independent Director
Ronald Mills, Vice President - Finance and Investor Relations

Comstock Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Comstock Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Comstock Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Comstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.
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Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Resources. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.79)
Dividend Share
0.125
Earnings Share
(0.19)
Revenue Per Share
4.574
Quarterly Revenue Growth
(0.19)
The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.