Company profile

M. Jay Allison
Incorporated in
Fiscal year end
IRS number

CRK stock data

FINRA relative short interest over last month (20 trading days) ?


2 Mar 20
30 Mar 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 289.25M 224.44M 128.12M 126.88M
Net income 55.12M 6.79M 21.41M 13.58M
Diluted EPS 0.19 -0.01 0.2 0.13
Net profit margin 19.05% 3.03% 16.71% 10.70%
Operating income 101.68M 76.36M 43.62M 53.22M
Net change in cash -34.71M 6.5M 17.42M 6.13M
Cash on hand 18.53M 53.24M 46.75M 29.32M
Annual (USD) Dec 19 Dec 17 Dec 16 Dec 15
Revenue 768.69M 255.33M 175.71M
Net income 96.89M -111.41M -135.13M -1.05B
Diluted EPS 0.52 -7.61 -11.52 -113.53
Net profit margin 12.60% -43.63% -76.91%
Operating income 274.89M -183K -183.79M -1.17B
Net change in cash -42.72M -4.65M -68.1M 131.94M
Cash on hand 18.53M 61.26M 65.9M 134.01M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
28 Feb 20 Russell W Romoser Common Stock Payment of exercise Dispose F 5.99 2,257 13.52K 56,232
30 Dec 19 Roland O Burns Common Stock Gift Dispose G 7.715 9,000 69.44K 753,440
29 Nov 19 Richard Darius Singer Common Stock Payment of exercise Dispose F 6.35 1,128 7.16K 46,517
31 Oct 19 Michael D McBurney Common Stock Payment of exercise Dispose F 6.84 1,819 12.44K 61,427
20 Sep 19 Russell W Romoser Common Stock Sell Dispose S 9.3612 6,319 59.15K 58,489
3.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 77 79 -2.5%
Opened positions 20 21 -4.8%
Closed positions 22 12 +83.3%
Increased positions 22 27 -18.5%
Reduced positions 20 16 +25.0%
13F shares
Current Prev Q Change
Total value 83.58M 899.12M -90.7%
Total shares 5.56M 6.17M -9.9%
Total puts 210.5K 432.65K -51.3%
Total calls 153.2K 366.31K -58.2%
Total put/call ratio 1.4 1.2 +16.3%
Largest owners
Shares Value Change
BLK BlackRock 1.16M $9.56M +7.2%
Bridgeway Capital Management 506.8K $4.17M NEW
ACR Alpine Capital Research 405.37K $3.34M -3.0%
Vanguard 321.97K $2.65M +0.6%
Mariner 299.55K $2.47M +7.5%
NTRS Northern Trust 285.37K $2.35M +7.2%
BK Bank Of New York Mellon 251.33K $2.07M +377.2%
STT State Street 225.85K $1.86M -22.8%
Geode Capital Management 216.66K $1.78M +8.3%
Arosa Capital Management 149.28K $1.23M 0.0%
Largest transactions
Shares Bought/sold Change
Caymus Capital Partners 0 -880.57K EXIT
Bridgeway Capital Management 506.8K +506.8K NEW
Renaissance Technologies 0 -218.8K EXIT
IVZ Invesco 98.88K -198.98K -66.8%
BK Bank Of New York Mellon 251.33K +198.67K +377.2%
Arrowstreet Capital, Limited Partnership 136.99K +136.99K NEW
Advisor 126.72K +126.72K NEW
BNP Paribas Arbitrage 3.82K -105.54K -96.5%
Lazard Asset Management 0 -82.54K EXIT
BLK BlackRock 1.16M +77.87K +7.2%

Financial report summary

  • An extended period of depressed oil and natural gas prices will adversely affect our business, financial condition, cash flow, liquidity, results of operations and our ability to meet our capital expenditure obligations and financial commitments.
  • Our debt service requirements could adversely affect our operations and limit our growth.
  • Our future production and revenues depend on our ability to replace our reserves.
  • Prospects that we decide to drill may not yield oil or natural gas in commercially viable quantities or quantities sufficient to meet our targeted rate of return and firm transportation commitments.
  • Our business involves many uncertainties and operating risks that can prevent us from realizing profits and can cause substantial losses.
  • We operate in a highly competitive industry, and our failure to remain competitive with our competitors, many of which have greater resources than we do, could adversely affect our results of operations.
  • If oil and natural gas prices decline further or continue to remain low for an extended period of time, we may be required to further write-down the carrying values and/or the estimates of total reserves of our oil and natural gas properties, which would constitute a non-cash charge to earnings and adversely affect our results of operations.
  • Our reserve estimates depend on many assumptions that may turn out to be inaccurate. Any material inaccuracies in our reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.
  • Some of our undeveloped leasehold acreage is subject to leases that will expire unless production is established on units containing the acreage.
  • We pursue acquisitions as part of our growth strategy and there are risks associated with such acquisitions.
  • If we are unsuccessful at marketing our oil and natural gas at commercially acceptable prices, our profitability may decline.
  • We are subject to extensive governmental laws and regulations that may adversely affect the cost, manner or feasibility of doing business.
  • Federal and state legislation and regulatory initiatives relating to hydraulic fracturing could result in increased costs and additional operating restrictions or delays as well as restrict our access to our oil and gas reserves.
  • Issuance of our common stock in connection with the conversion of our outstanding convertible preferred stock would cause substantial dilution, which could materially affect the trading price of our common stock and earnings per share.
  • Our access to capital markets may be limited in the future.
  • Changes in taxation as well as the inherent difficulty in quantifying potential tax effects of business decisions could have a material adverse effect on our results of operations, financial condition, or cash flows.
  • Loss of our information and computer systems could adversely affect our business.
  • Our business could be negatively impacted by security threats, including cyber-security threats and other disruptions.
  • We are exposed to the credit risk of our customers and counterparties, and our credit risk management may not be adequate to protect against such risk.
  • Substantial exploration and development activities could require significant outside capital, which could dilute the value of our common shares and restrict our activities. Also, we may not be able to obtain needed capital or financing on satisfactory terms, which could lead to a limitation of our future business opportunities and a decline in our oil and natural gas reserves.
  • We depend on our key personnel and the loss of any of these individuals could have a material adverse effect on our operations.
  • Our insurance coverage may not be sufficient or may not be available to cover some liabilities or losses that we may incur.
Management Discussion
  • We are an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. Our assets are concentrated in the Haynesville and Bossier shale located in East Texas and North Louisiana, a premier natural gas basin with superior economics and geographic proximity to Gulf Coast markets. Approximately 93% of our December 31, 2019 proved reserves are located in the Haynesville and Bossier shale region. We own interests in 2,800 producing oil and natural gas wells (1,410.8 net to us) and we operate 1,430 of these wells. We intend to maintain an operating plan in 2020 targeting leverage reduction and generation of free cash flow.
  • Our growth is driven primarily by our acquisition, development and exploration activities. In 2019 our growth in natural gas production and proved reserves was primarily driven by the Covey Park Acquisition and our drilling activities. We plan to spend approximately $421.0 million in 2020 for our development and exploration activities, which will be focused primarily on Haynesville and Bossier shale projects.
Content analysis ?
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