Comstock Resources stock sets November 4 results date
Comstock Resources (CRK) is set to release its third-quarter 2026 results on November 4, followed by a conference call on November 5. The company's stock was trading at USD 13.05 on October 5, and its second-quarter revenue decreased by 24.9 percent, though EPS beat estimates. Analysts have a "Reduce" consensus with an average 12-month price target of USD 15.75.
Wall Street Zen upgrades Comstock Resources stock to Sell
Wall Street Zen has upgraded its rating for Comstock Resources (CRK) from "strong sell" to "sell" on October 3, 2026. This change follows Comstock's announcement of a framework agreement with SOCAR for a $1.65 billion investment in the Haynesville Shale, which could provide significant capital despite the company missing revenue estimates in Q2 2026. The definitive agreement is expected by October 31, 2026, with closing by year-end, which could offer a new financial and market-access angle for the gas producer.
Comstock Resources stock tracks a USD 1.65 billion SOCAR deal
Comstock Resources (CRK) stock is tracking a new $1.65 billion strategic partnership framework deal with SOCAR, which focuses on Comstock's Haynesville Shale assets and international liquefied natural gas marketing. This deal is crucial for the company, as its Q2 2026 revenue fell short of analyst estimates, though diluted EPS surpassed expectations. Analysts currently have a "Reduce" consensus with an average 12-month price target of $15.75, reflecting mixed views amidst the potential financial support from the SOCAR deal and exposure to natural gas prices.
Wall Street Zen Upgrades Comstock Resources (NYSE:CRK) to Sell
Wall Street Zen has upgraded Comstock Resources (NYSE:CRK) from a "strong sell" to a "sell" rating, though overall analyst sentiment remains negative with a consensus "reduce" rating and a $15.75 average price target. The stock opened at $12.80, below its moving averages, and is significantly down from its 52-week high of $28.10. While Comstock's recent quarterly EPS beat expectations, revenue dropped by 24.9% year-over-year, missing analyst forecasts.
Comstock announces SOCAR deal: 14 analysts rate Comstock Resources stock Reduce
Comstock Resources announced a strategic partnership with SOCAR valued at USD 1.65 billion, aimed at developing its Haynesville natural gas assets. This comes as the company reported a 24.90 percent drop in second-quarter revenue to USD 353.28 million, although diluted earnings per share exceeded consensus estimates. Despite the significant SOCAR deal, 14 analysts have rated Comstock Resources stock as "Reduce" due to cautious outlooks and declining revenue performance.
COMSTOCK ANNOUNCES SIGNING OF FRAMEWORK AGREEMENT FOR $1.65 BILLION STRATEGIC PARTNERSHIP WITH SOCAR
Comstock Resources, Inc. announced the signing of a Framework Agreement with SOCAR for a $1.65 billion strategic partnership. This agreement formalizes SOCAR's investment in the Haynesville Shale and outlines collaboration to market natural gas from these assets as LNG in international markets. The partnership is part of a broader economic relationship between the United States and Azerbaijan.
Roth MKM Maintains Comstock Resources(CRK.US) With Hold Rating, Raises Target Price to $14
Roth MKM has reiterated its Hold rating on Comstock Resources (CRK.US) and increased its price target from $12 to $14. This adjustment reflects the firm's continued assessment of the company's financial prospects and market position.
A Look at Comstock Resources Inc (CRK) After 3.3% Decline -- GF Value $15.99 vs Price $12.69
Comstock Resources Inc (CRK) shares recently declined by 3.3% to $12.69, positioning it near its 52-week low. GuruFocus assesses CRK as "Modestly Undervalued" with a GF Value of $15.99, despite the company's unprofitability and cash flow negativity, assigning it an overall GF Score of 70/100. While the stock shows attractive valuation metrics, weak growth potential and insider selling without buying activity raise caution for potential investors.
CRK Advances $1.65B SOCAR Partnership by Signing Framework Agreement
Comstock Resources, Inc. (CRK) has moved closer to finalizing its $1.65 billion strategic partnership with SOCAR by signing a Framework Agreement. This agreement reinforces the commitment of both parties to a definitive purchase and sale agreement by October 31, 2026, and transaction completion by year-end, which will strengthen CRK's balance sheet and expand its access to global LNG markets. The partnership will also explore opportunities for marketing Haynesville gas as LNG, leveraging SOCAR's international marketing capabilities and CRK's Western Haynesville acreage.
Learn Why The Bull Case For Comstock Resources Stock Could Change Following SOCAR Investment Deal
Comstock Resources has signed a Framework Agreement with SOCAR for a US$1.65 billion investment in its Haynesville Shale assets, aiming to market natural gas as LNG internationally. This deal could significantly alter Comstock's investment narrative by linking its gas molecules to international pricing and potentially accelerating Haynesville development. While it offers new funding flexibility and demand channels, the company still faces risks associated with its concentrated portfolio, ongoing spending needs, and interest coverage.
A $1.65 billion gas partnership now has a framework agreement. A final sale contract is expected by Oct. 31.
Comstock Resources (CRK) and SOCAR have signed a framework agreement for their previously announced $1.65 billion Haynesville Shale partnership. This agreement solidifies their commitment to negotiate and execute a definitive purchase and sale agreement by October 31, 2026, with the transaction expected to close by the end of 2026. The companies also plan to explore marketing natural gas from Comstock's Haynesville assets as LNG in international markets.
Comstock Joins with SOCAR
Comstock Resources, Inc. announced a Framework Agreement with SOCAR, formalizing a previously announced strategic partnership involving a $1.65-billion investment in the Haynesville Shale. This agreement, expected to lead to a definitive purchase and sale agreement by October 31, 2026, and close by year-end, is part of a broader U.S.-Azerbaijan economic dialogue focused on energy cooperation. Shares of Comstock (CRK) saw a slight dip following the announcement.
Comstock Resources, Inc. (CRK) Stock Forecasts
Argus has lowered its target price for Comstock Resources, Inc. (CRK) to $13.00. The report, published on September 23, 2026, describes CRK as an independent natural gas producer operating in the Haynesville shale.
SOCAR and Comstock Resources to explore LNG sales opportunities in international markets
The State Oil Company of Azerbaijan (SOCAR) and US-based Comstock Resources will collaborate to explore opportunities for selling liquefied natural gas (LNG) in international markets. This strategic partnership involves marketing natural gas produced from Comstock's Haynesville shale assets outside the United States. The cooperation will focus on identifying buyers, assessing pricing, and addressing logistical and regulatory aspects of international gas sales.
Comstock Resources Initiated at Hold by Jefferies
Jefferies has initiated coverage on Comstock Resources (NYSE: CRK) with a "Hold" rating. This new analyst rating provides investors with an updated perspective on the company's stock performance and future outlook.
Comstock Resources (CRK) Stock Trades Down, Here Is Why
Comstock Resources (CRK) shares fell 5.2% after Jefferies initiated coverage with a Hold rating and a $14 price target, citing the company's high sensitivity to natural gas prices and heavy debt. The analyst highlighted Comstock's financial leverage and costly exploration expenses as factors creating stock volatility and less predictable future earnings. Despite a year-to-date decline, long-term investors have seen positive returns.
Comstock Resources (NYSE:CRK) Stock Falls 4.7% - Here's What Happened
Comstock Resources (NYSE:CRK) shares dropped 4.7% to $13.1650 on Friday, with trading volume significantly below average. This decline follows mixed quarterly results, where the company beat EPS expectations but missed revenue estimates, with a 24.9% year-over-year decrease. Analysts maintain a cautious outlook, with a consensus "Reduce" rating and a price target of $15.75.
Jefferies initiates Comstock Resources stock at Hold on gas price sensitivity
Jefferies initiated coverage on Comstock Resources (NYSE:CRK) with a Hold rating and a $14 price target, citing the company's high sensitivity to natural gas prices. Despite appearing overvalued by some metrics, Comstock maintains strong financial health and has a significant runway in its Western Haynesville play. The firm highlighted concerns about financial leverage and high exploration costs, which contribute to stock volatility.
Jefferies Initiates Comstock Resources at Hold With $14 Price Target
Jefferies has initiated coverage on Comstock Resources (CRK) with a "Hold" rating and set a price target of $14. This news follows recent activities for Comstock Resources, including UBS adjusting its price target to $14 from $13 while maintaining a "Sell" rating, and the company entering into a letter of intent to sell assets to Azerbaijan State Oil Company for $1.65 billion. Comstock Resources is an independent natural gas producer focused on the Haynesville shale in Louisiana and East Texas.
Comstock Resources stock edges lower as new analyst coverage highlights valuation gap
Comstock Resources (CRK) stock closed at $12.84 on September 18, 2026, marking a significant decline from its January level and trading near its 52-week low. Truist Financial initiated coverage with a cautious report, joining an existing analyst consensus that indicates a potential 23.9% upside to a target of $15.91. The company, a natural gas producer in the Haynesville shale basin, has seen its stock price drop by 44.8% year-to-date due to weaker natural gas prices and investor caution, despite recent strategic deals totaling over $2 billion.
Truist Financial Initiates Coverage on Comstock Resources (NYSE:CRK)
Truist Financial initiated coverage on Comstock Resources (NYSE:CRK) with a "hold" rating and a $16 price target, suggesting a potential upside of 22.08%. This aligns with the cautious analyst sentiment, as the company holds a consensus "reduce" rating and an average price target of $15.91 from thirteen analysts. Despite beating EPS estimates in its latest quarter, Comstock Resources experienced a 24.9% year-over-year revenue decline.
Truist initiates Comstock Resources stock with hold rating
Truist Securities has initiated coverage on Comstock Resources Inc. (NYSE:CRK) with a hold rating and a $16.00 price target. The firm highlighted Comstock's operations as a Haynesville pure play and an early mover in the Western Haynesville region, noting the potential of this natural gas play despite the company's higher position on the shale cost curve. The initiation also discussed Comstock's significant debt burden and recent strategic partnerships aimed at improving its financial health and accelerating debt reduction.
Comstock Resources Drops 7.1% Amid Sector-Wide Selling
Comstock Resources, Inc. experienced a 7.1% decline in its stock price, closing at $13.30 per share on September 16, 2026. This drop was attributed to a broad sector-wide selloff impacting energy stocks, with several peers also seeing significant declines. The absence of company-specific news suggests macro factors like commodity price pressure or shifting sentiment on energy fundamentals were the likely drivers.
UBS Maintains Comstock Resources(CRK.US) With Sell Rating, Raises Target Price to $14
UBS has reiterated its Sell rating on Comstock Resources (CRK.US) and increased its price target to $14. This indicates that while the firm still views the stock negatively, it sees a slightly higher potential value than before.
Comstock (CRK) Signs a $1.65B SOCAR Letter of Intent and a $450M Drilling Venture. Does Deleveraging Outweigh the Economics It Gives Up?
Comstock (CRK) has signed a nonbinding letter of intent with SOCAR for a $1.65 billion cash deal to acquire non-operated working interests in its Haynesville upstream assets and a stake in Pinnacle Gas Services. Additionally, a Jerry Jones family partnership will fund a $450 million drilling venture for 27 wells. These moves are projected to significantly reduce Comstock's net debt and allow continued development, though the company would transfer current economics and future value to its partners.
UBS raises Comstock Resources stock price target to $14 on JV deals
UBS has increased its price target for Comstock Resources (NYSE:CRK) to $14 from $13, while maintaining a Sell rating. This adjustment follows Comstock's recent joint venture agreements with SOCAR and Jones Family Venture, which UBS believes reduce some of the company's financial risk by helping to alleviate debt incurred from developing the Western Haynesville. Despite the increased price target, UBS retains its Sell rating due to the Western Haynesville's breakeven gas price being significantly above current market pricing and concerns about the stock's valuation relative to expected free cash flow.
KeyBanc Maintains Comstock Resources(CRK.US) With Hold Rating
KeyBanc has reiterated its Hold rating on Comstock Resources (CRK.US). This indicates that the firm does not recommend buying or selling the stock at this time, suggesting a neutral outlook on its performance.
Empowered Funds LLC Acquires New Holdings in Comstock Resources, Inc. $CRK
Empowered Funds LLC has acquired a new stake in Comstock Resources (NYSE:CRK), purchasing 122,868 shares valued at approximately $1.83 million. Despite beating earnings expectations with an EPS of $0.03, Comstock's revenue fell short of forecasts, declining 24.9% year-over-year. Analyst sentiment remains cautious, with a consensus "Reduce" rating and a $15.80 target price.
Comstock Resources (CRK) Could Be 5% Above Fair Value As SOCAR Deal Reshapes Views
Comstock Resources (CRK) has gained attention following a US$1.65 billion asset sale to SOCAR and a US$450 million Haynesville drilling venture. Despite recent short-term gains, the stock's year-to-date performance is down, and analysts view CRK as approximately 4.5% overvalued at $15.54, with a fair value of $14.88. The valuation is also considered stretched based on its P/E ratio compared to an estimated fair ratio, indicating potential compression risk if future earnings align with forecasts.
UBS reiterates Comstock Resources stock Sell rating after divestiture deal
UBS has reconfirmed its Sell rating for Comstock Resources (NYSE:CRK) with a $13.00 price target, following the company's announcement of asset divestitures worth $1.65 billion and a $450 million funding agreement. These strategic moves aim to address Comstock's significant debt load and immediate funding needs, although UBS notes potential for continued free cash flow deficits if natural gas prices do not recover. Other analysts like Mizuho have raised price targets to $20.00 while maintaining a Neutral rating, while Gerdes Energy Research downgraded the stock to Neutral due to valuation concerns.
Comstock Resources (CRK) Bags $2.1B New Deals, Climbs 11%
Comstock Resources (CRK) saw its stock climb 11% after securing $2.1 billion in new deals. These include a $1.65 billion investment from the State Oil Company of the Azerbaijan Republic (SOCAR) for a portion of its natural gas assets, aimed at significantly reducing Comstock's debt. Additionally, the company formed a $450 million joint drilling venture with majority stakeholder Jerry Jones to develop wells in Western and Legacy Haynesville.
COMSTOCK ANNOUNCES $1.65 BILLION STRATEGIC PARTNERSHIP WITH
Comstock Resources, Inc. announced a significant strategic partnership with SOCAR, where SOCAR will acquire a non-operated working interest in Comstock's Haynesville assets and a stake in Pinnacle Gas Services for $1.65 billion. Concurrently, Comstock has entered into a $450 million drilling joint venture with Jerry Jones to fund the drilling of new wells in the Haynesville shale. These transactions aim to strengthen Comstock's balance sheet, accelerate development in the Western Haynesville, and introduce an international strategic partner.
SOCAR and Comstock Resources Sign Letter of Intent for Strategic Partnership
SOCAR and Comstock Resources have signed a Letter of Intent for a strategic partnership. SOCAR will acquire interests in Comstock's Legacy Haynesville and Western Haynesville upstream assets, as well as in Pinnacle Gas Services LLC, for a total value of $1.65 billion. This partnership aims to accelerate value creation for Comstock's investors, reduce debt, and expand Comstock's natural gas access to international markets, while Comstock retains operational control.
Comstock Resources shares rise 5% after $1.65 billion SOCAR agreement and $450 million drilling venture
Comstock Resources (NYSE:CRK) shares increased by 5% following two significant announcements. The company entered a letter of intent with SOCAR for a proposed $1.65 billion asset transaction, involving the sale of interests in its Haynesville assets and Pinnacle Gas Services LLC. Additionally, Comstock formed a drilling venture with a Jones family partnership to fund approximately $450 million in drilling and completion costs for new Haynesville wells.
BlackRock Inc. Takes $176.58 Million Position in Comstock Resources, Inc. $CRK
BlackRock Inc. has acquired a significant position in Comstock Resources, Inc. (NYSE:CRK), purchasing 11.84 million shares valued at approximately $176.58 million, giving them a 4.03% stake. This investment comes as Comstock Resources reported mixed Q2 earnings, with EPS beating estimates but revenue falling short and a year-over-year decline. Analyst sentiment remains cautious, with an average "Reduce" rating and an average price target close to the current stock price.
Is CRK Stock Worth Buying Despite Heavy Spending and Weak Estimates?
Comstock Resources (CRK) presents a valuation-versus-risk trade-off, with strong inventory and recovering production but also heavy spending, high leverage, and weak earnings estimates. The stock's current discount on sales is not enough to offset these risks, and its elevated earnings-based valuation, combined with a Zacks Rank #4 (Sell), suggests patience is warranted. Investors should weigh improving operations against a substantial capital program that exceeds internally generated cash flow.
CRK | Comstock Resources, Inc. Financials - Revenue Breakdown
This article provides a financial overview of Comstock Resources, Inc. (CRK), focusing on its revenue breakdown, though specific segment and geographic revenue data is noted as unavailable. It also covers congressional trading activity, insider trading, institutional holdings, and an overview of the company's operations as a natural gas producer in the Haynesville shale.
Morgan Stanley Maintains Comstock Resources(CRK.US) With Hold Rating, Maintains Target Price $15
Morgan Stanley has reiterated its "Hold" rating for Comstock Resources (CRK.US), while also maintaining its target price of $15. This indicates that the investment bank sees the stock performing in line with the broader market.
Comstock Resources Sees Unusually High Options Volume (NYSE:CRK)
Comstock Resources (NYSE:CRK) experienced unusually high call options volume on Friday, with 7,822 call options purchased, a 269% increase over its typical volume. Analyst sentiment remains cautious, with a consensus "Reduce" rating and an average price target of $14.89. Despite a 24.9% year-over-year revenue decline in its latest quarter, the company slightly exceeded EPS expectations.
CRK Maintained by Morgan Stanley -- Price Target Lowered to $15.
Morgan Stanley has maintained an Equal-Weight rating for Comstock Resources (CRK) but lowered its price target from $16.00 to $15.00. Despite this cautious outlook, GuruFocus indicates CRK is undervalued by 14.0% with a GF Value of $15.90, though concerns remain regarding its low growth rank and cash flow challenges. Three gurus hold CRK, showing mixed sentiment among institutional investors.
Texas Capital Bank Wealth Management Services Inc Takes Position in Comstock Resources, Inc. $CRK
Texas Capital Bank Wealth Management Services Inc. recently acquired 77,579 shares of Comstock Resources (NYSE:CRK), valued at approximately $1.16 million, increasing institutional ownership to 36.13%. Despite the company beating EPS expectations, its revenue declined by 24.9% year-over-year. Analysts remain cautious, with a consensus "Reduce" rating and a target price of $15.00 for the oil and gas producer.
Old West Investment Management LLC Invests $4.10 Million in Comstock Resources, Inc. $CRK
Old West Investment Management LLC has acquired a new position in Comstock Resources, Inc. (NYSE:CRK), investing $4.10 million for 275,083 shares, representing approximately 0.09% of the company. This investment comes as Comstock Resources reported earnings per share of $0.03, beating estimates, but revenue fell 24.9% year-over-year. Analyst sentiment for CRK remains cautious, with an average "Reduce" rating and a target price of $15.00.
What’s Behind Comstock Resources (NYSE:CRK) Latest Earnings?
Comstock Resources (NYSE:CRK) is an independent energy company focused on oil and natural gas properties in the United States, primarily in the Haynesville Shale and Delaware Basin. The company recently reported quarterly revenue of $353 million and an Earnings Per Share of three cents. Its financial performance is closely tied to commodity market conditions and production volumes, with natural gas remaining central to its business profile.
Comstock Resources (NYSE:CRK) Stock Rating Upgraded by Wall Street Zen
Wall Street Zen has upgraded Comstock Resources (NYSE:CRK) from a "strong sell" to a "sell" rating. Despite this upgrade, the stock maintains a consensus "Reduce" rating among analysts with an average price target of $15.00. The company recently reported quarterly EPS of $0.03, exceeding estimates, but revenue fell short and declined by 24.9% year-over-year.
GSA Capital Partners LLP Makes New $2.03 Million Investment in Comstock Resources, Inc. $CRK
GSA Capital Partners LLP has acquired a new stake of 135,905 shares, valued at $2.03 million, in Comstock Resources, Inc. during the second quarter. Several other hedge funds also adjusted their positions in the oil and gas producer. Wall Street analysts have issued various ratings for CRK, with a consensus target price of $15.00 and an average "Reduce" rating.
Comstock Resources Inc (CRK) Stock Up 3.5% and Still Undervalued -- GF Score: 67/100
Comstock Resources Inc (CRK) saw its stock rise by 3.5% to $14.06, yet it remains undervalued according to GuruFocus's GF Value™ estimate of $15.89. Despite its undervaluation and an above-average GF Score™ of 67/100, the company faces significant challenges due to unprofitability and negative cash flow. While gurus show cautious optimism with increased holdings, the absence of insider transactions in the last three months suggests a lack of immediate confidence from company executives.
Comstock Resources, Inc. (CRK) Stock forecasts
Argus has lowered its target price for Comstock Resources, Inc. (CRK) to $12.00. The company, an independent natural gas producer, operates in the Haynesville shale and is currently priced at $13.58. The report highlights the superior economics of its operations due to its proximity to Gulf Coast natural gas markets.
Comstock Resources Inc (CRK) Shares Fall 3.3% -- What GF Score of 67 Tells Investors
Comstock Resources Inc (CRK) shares fell 3.3% to $13.92, trading below its GF Value™ estimate of $16.04, indicating it is modestly undervalued. Despite this, the company faces significant risks due to its lack of profitability and cash flow, reflected in a GF Score™ of 67/100, which highlights strong valuation but weak growth and financial strength. Guru and insider activities show mixed sentiment, with no insider transactions in the last three months, suggesting caution for investors.
Comstock Resources Jumps 6.4% Amid Sector-Wide Rally
Comstock Resources, Inc. (CRK) saw its shares surge by 6.4% on Monday, closing at $14.27 on high volume. This gain was part of a broader rally across the oil and gas exploration and production sector, with several peer companies also experiencing significant increases. The rally appears to be driven by sector-wide momentum rather than company-specific news, suggesting potential shifts in energy market sentiment or commodity price expectations.
Can Range Resources' Q2 Beat Sustain Momentum Through 2026 Growth?
Range Resources (RRC) reported a significant beat on Q2 2026 earnings and revenue, driven by higher production and improved price realizations, furthering its multiyear development plan. The company narrowed its natural gas differential guidance and increased its natural gas liquids outlook, boosting prospects for the second half of the year. Despite the strong performance, Range Resources still needs to execute on infrastructure commissioning and well performance to meet its year-end production targets and mitigate execution risks.
