Comstock Resources (CRK) Valuation: Natural Gas Futures Rebound and Potential Mispricing

Comstock Resources (CRK) has seen a 90-day share price return of 24.53% and a 1-year total shareholder return of 20.18%. The 5-year total shareholder return of almost 4x suggests longer-term investors have already seen substantial gains. The recent natural gas spike has drawn investor attention to gas producers, with one set of analyst targets clustered near the low to mid $20s and an intrinsic value estimate suggesting around a 50% discount.