Comstock Resources

CRK · NYSE

$14.12+$0.00 (+0.00%)TodayMarket closed · Oct 21, 5:13 AM ET

Prev close $14.12

CRK analyst rating

HoldConsensus of 13 analysts over the last 12 months. 8% rate it a buy.

Strong buy0
Buy1
Hold8
Underperform2
Sell2

12-month price target · 17 analysts

Average $17.37 (+23.0% upside)

Low: $14.14
Now: $14.12
High: $24.15

Upgrades and downgrades

The latest rating actions, newest first

CRK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 16, 2026	Maintains	Neutral	$20.00 → $17.00	60%
Scotiabank	Oct 15, 2026	Initiates	Sector Underperform	$11.00	—
Morgan Stanley	Oct 15, 2026	Maintains	Equal-Weight	$15.00 → $13.00	66%
Jefferies	Sep 25, 2026	Initiates	Hold	$14.00	0%
Truist Securities	Sep 17, 2026	Initiates	Hold	$16.00	57%
UBS	Sep 9, 2026	Maintains	Sell	$13.00 → $14.00	65%
Goldman Sachs	Sep 2, 2026	Maintains	Sell	$9.00 → $15.00	83%
BMO Capital	Sep 2, 2026	Maintains	Market Perform	$13.00 → $17.00	51%
Mizuho	Sep 1, 2026	Maintains	Neutral	$19.00 → $20.00	60%
Morgan Stanley	Aug 19, 2026	Maintains	Equal-Weight	$16.00 → $15.00	66%

The case for and against

Updated Jan 19, 2026

Bull case

Comstock Resources Inc demonstrates a positive outlook due to its strategic focus on increasing operational activity, as evidenced by the escalation to four rigs in its legacy Haynesville operations with plans to complete 32 operated wells in FY25. The company has maintained a disciplined capital expenditure guidance for development and completion (D&C) at $1-1.1 billion, reflecting strong management of financial resources despite challenging cost structures. Additionally, the significant investments made to unlock resource potential in the WHV position Comstock favorably for future resource development, particularly if market conditions improve.

Bear case

Comstock Resources Inc. has revised its FY25 production guidance down by 6% to a midpoint of 1,275 mmcfe/d, which is significantly lower than prior expectations for sequential growth in the latter half of the year. Additionally, the company has introduced third-quarter guidance for FY25 at 1,250 mmcfe/d, falling short of analyst estimates which ranged from 1,322 to 1,349 mmcfe/d. Furthermore, despite maintaining capital expenditure guidance and adding a rig to stabilize production decline in the Haynesville area, Comstock continues to face operational challenges, including delayed drilling activity and infrastructure constraints impacting several wells.

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