Comstock Resources, Inc.

Comstock Resources, Inc. High Risk Report
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CreditRiskMonitor’s proprietary FRISK® score has energy company Comstock Resources, Inc. (NYSE: CRK) at a "1," the highest probability of bankruptcy in the next 12 months.

Comstock demonstrates bottom quartile ranking in key financial ratios versus its oil & gas operations industry peers, as well as showing negative cash from operating activities in 2016. With Comstock's working capital drastically decreasing and meager quick and current ratios, there's significant evidence to say that the well may be drying up for this Texas-based corporation. 

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About High Risk Reports

CreditRiskMonitor’s High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.

The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.

The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.