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Gerdes Energy Research Upgrades Comstock Resources (CRK) to Buy

Fri, 18 Sep 2026 03:19:34 -0400

Gerdes Energy Research analyst John Gerdes upgraded Comstock Resources (NYSE: CRK) from Neutral to Buy with a price target of $16.00.

The analyst comments: “We are upgrading CRK from Neutral to Buy. Our CRK price target of $16 per share is unchanged as the working interest divestiture to the State Oil Company of the Azerbaijan Republic (SOCAR) and Jerry Jones funding venture were collectively NPV neutral. CRK has depreciated ~19% since September 1st and reflects over 20% equity value upside. Consistent with our ratings, we are upgrading CRK to Buy.

Comstock is divesting to SOCAR a 20% non-operated working interest in the

Gerdes Energy Research Upgrades Comstock Resources (CRK) to Buy

Fri, 18 Sep 2026 03:19:34 -0400

Gerdes Energy Research analyst John Gerdes upgraded Comstock Resources (NYSE: CRK) from Neutral to Buy with a price target of $16.00.

Comstock is divesting to SOCAR a 20% non-operated working interest in the

Truist Securities Starts Comstock Resources (CRK) at Hold

Thu, 17 Sep 2026 07:11:10 -0400

(Updated - September 17, 2026 7:11 AM EDT)

Truist Securities analyst Gabriel Daoud Jr. initiates coverage on Comstock Resources (NYSE: CRK) with a Hold rating and a price target of $16.00.

The analyst comments "We initiate coverage of Comstock Resources (CRK) with a Hold Rating and $16 PT. CRK stands out as a Haynesville pure play alongside being an early mover in the Western Haynesville, which could prove to be a superior resource and a consequential natgas play in the L48, in our view. While the latter carries significant potential, we currently estimate a $4.10/Mcf breakeven (25% IRR at the wellhead hurdle)

Truist Securities Starts Comstock Resources (CRK) at Hold

Thu, 17 Sep 2026 07:11:10 -0400

(Updated - September 17, 2026 7:11 AM EDT)

Truist Securities analyst Gabriel Daoud Jr. initiates coverage on Comstock Resources (NYSE: CRK) with a Hold rating and a price target of $16.00.

Comstock Resources (CRK) PT Raised to $15 at Goldman Sachs

Mon, 14 Sep 2026 07:51:59 -0400

Goldman Sachs analyst Umang Choudhary raised the price target on Comstock Resources (NYSE: CRK) to $15.00 (from $9.00) while maintaining a Sell rating.

Comstock Resources (CRK) PT Raised to $14 at UBS, Sell Rating Maintained Given Premium Valuation

Wed, 09 Sep 2026 09:21:15 -0400

(Updated - September 9, 2026 9:21 AM EDT)

UBS analyst Peyton Dorne raised the price target on Comstock Resources (NYSE: CRK) to $14.00 (from $13.00) while maintaining a Sell rating.

The analyst commented, "After last week's CRK's SOCAR JV and Jones Family Venture (JFV) announcements, we update our estimates and lift our PT from $13 to $14. The agreements pull CRK from the debt trap it entered into by funding the delineation and development of the Western Haynesville (WHVL), reducing some of its financial risk. However with the WHVL's breakeven gas price still meaningfully above Strip, we maintain our Sell rating, as we see CRK's premium valuation

Comstock Resources (CRK) PT Raised to $14 at UBS, Sell Rating Maintained Given Premium Valuation

Wed, 09 Sep 2026 09:21:15 -0400

(Updated - September 9, 2026 9:21 AM EDT)

UBS analyst Peyton Dorne raised the price target on Comstock Resources (NYSE: CRK) to $14.00 (from $13.00) while maintaining a Sell rating.

Comstock Resources (CRK) PT Raised to $17 at BMO Capital

Wed, 02 Sep 2026 09:23:52 -0400

(Updated - September 2, 2026 9:23 AM EDT)

BMO Capital analyst Phillip Jungwirth raised the price target on Comstock Resources (NYSE: CRK) to $17.00 (from $13.00) while maintaining a Market Perform rating.

The analyst commented: "SOCAR/Jones Deals Strengthen Financials, Support Delineation, Value Accretive; Comstock’s $1.65Bn SOCAR partnership and $450mm Jones drilling venture materially improve its financial strength and support continued Western Haynesville development. We estimate the transactions reduce YE26/27 leverage to 1.7/1.9x from 3.3/3.0x at strip, while the SOCAR monetization is accretive to Comstock’s valuation. We revise 2027 estimates, with production 24% lower to 1.29Bcfe/d (CFO 22% lower), while capex reduces 38%,

Comstock Resources (CRK) PT Raised to $17 at BMO Capital

Wed, 02 Sep 2026 09:23:52 -0400

(Updated - September 2, 2026 9:23 AM EDT)

BMO Capital analyst Phillip Jungwirth raised the price target on Comstock Resources (NYSE: CRK) to $17.00 (from $13.00) while maintaining a Market Perform rating.

UBS Reiterates Sell Rating on Comstock Resources (CRK) on SOCAR Agreement

Wed, 02 Sep 2026 08:12:38 -0400

UBS analyst Peyton Dorne reiterated a Sell rating and $13.00 price target on Comstock Resources (NYSE: CRK).

The analyst commented, "CRK announced an agreement with SOCAR to divest upstream and midstream working interest (WI) for $1.65Bn, as well as a venture with its largest shareholder to fund $450mm of upcoming capex. We see the agreements as favorable from the perspective that they help immediately delever the B/S, along with providing funding to help fund near-term FCF outspends amidst a weak gas price market. The agreements have a reversion mechanism as well that enables CRK's share of future upside from the assets to rise

Comstock Resources (CRK) PT Raised to $15 at Goldman Sachs

Wed, 02 Sep 2026 06:30:33 -0400

Goldman Sachs analyst Umang Choudhary raised the price target on Comstock Resources (NYSE: CRK) to $15.00 (from $9.00) while maintaining a Sell rating.

Gerdes Energy Research Downgrades Comstock Resources (CRK) to Neutral

Wed, 02 Sep 2026 02:40:23 -0400

Gerdes Energy Research analyst John Gerdes downgraded Comstock Resources (NYSE: CRK) from Buy to Neutral with a price target of $16.00.

The analyst comments: “We are downgrading CRK from Buy to Neutral. Our CRK price target of $16 per share is unchanged as the working interest divestiture to the State Oil Company of the Azerbaijan Republic (SOCAR) and Jerry Jones funding venture are collectively NPV neutral. CRK has appreciated ~22% since May 26th and has no equity value upside. Consistent with our ratings, we are downgrading CRK to Neutral.

Comstock is divesting to SOCAR a 20% non-operated working interest the company’s Legacy

Gerdes Energy Research Downgrades Comstock Resources (CRK) to Neutral

Wed, 02 Sep 2026 02:40:23 -0400

Gerdes Energy Research analyst John Gerdes downgraded Comstock Resources (NYSE: CRK) from Buy to Neutral with a price target of $16.00.

Comstock is divesting to SOCAR a 20% non-operated working interest the company’s Legacy

Comstock Resources (CRK) PT Raised to $20 at Mizuho

Tue, 01 Sep 2026 13:06:03 -0400

Mizuho analyst Nitin Kumar raised the price target on Comstock Resources (NYSE: CRK) to $20.00 (from $19.00) while maintaining a Neutral rating.

The analyst comments "Stock reaction - Positive. In our opinion, the main benefit of selling non-operated interest to SOCAR for $1.65bn and the $450mm drilling JV with Jerry Jones is to accelerate debt reduction with YE26 Net Debt/EBITDA down to ~1.1x vs. ~2.7x prior. Although the deal help underscore the value of Comstock's assets with a transaction multiple, we see only ~5-6% NAV accretion when accounting for the lower working interest in both developed and undeveloped reserves. The Jones

Comstock Resources (CRK) PT Raised to $20 at Mizuho

Tue, 01 Sep 2026 13:06:03 -0400

Mizuho analyst Nitin Kumar raised the price target on Comstock Resources (NYSE: CRK) to $20.00 (from $19.00) while maintaining a Neutral rating.

Form 8-K COMSTOCK RESOURCES INC For: Sep 01

Tue, 01 Sep 2026 11:04:00 -0400

si-local-file:///var/storage/secattach/20260901/27010952.html

Comstock Resources signs $1.65B deal with SOCAR, $450M JV

Tue, 01 Sep 2026 07:32:12 -0400

Comstock Resources, Inc. (NYSE: CRK) announced it has signed a letter of intent with the State Oil Company of the Azerbaijan Republic (SOCAR) for a $1.65 billion cash transaction involving working interests in Comstock's Haynesville natural gas assets.

Under the agreement, SOCAR or a wholly owned subsidiary would acquire a 20% non-operated working interest in Comstock's Legacy Haynesville upstream assets, a 15% non-operated working interest in its Western Haynesville upstream assets — reducing to 7.5% after five years once SOCAR achieves a 15% return on investment — and 15% of Comstock's 73% ownership stake in Pinnacle Gas Services LLC, a midstream

Comstock Resources signs $1.65B deal with SOCAR, $450M JV

Tue, 01 Sep 2026 07:32:12 -0400

Comstock Resources signs $1.65B deal with SOCAR, $450M JV

Tue, 01 Sep 2026 07:32:12 -0400

Comstock Resources signs $1.65B deal with SOCAR, $450M JV

Tue, 01 Sep 2026 07:32:12 -0400

Comstock Resources (CRK) Halted, News Pending

Tue, 01 Sep 2026 07:20:52 -0400

Comstock Resources (NYSE: CRK) Halted, News Pending

Comstock Resources (CRK) PT Lowered to $15 at Morgan Stanley

Thu, 20 Aug 2026 08:50:05 -0400

Morgan Stanley analyst Devin McDermott lowered the price target on Comstock Resources (NYSE: CRK) to $15.00 (from $16.00) while maintaining a Equalweight rating.

Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development

Mon, 17 Aug 2026 05:45:00 -0400

TULSA, Okla.--(BUSINESS WIRE)-- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today announced the successful 21,006-foot re-entry and subsurface evaluation of the Wakefield-Harrison GU B #1 well in the Fort Trinidad field in Madison County, Texas, marking a strategic milestone in its Texas gas development program.

Based on publicly disclosed operator data, Empire is the first microcap energy company to re-enter a wellbore first drilled in 1959 and deepened twice in the decade that followed. The Company overcame

Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development

Mon, 17 Aug 2026 05:45:00 -0400

Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development

Mon, 17 Aug 2026 05:45:00 -0400