
Comstock Resources (CRK) Stock Forecast & Price Target
Comstock Resources (CRK) Analyst Ratings
Bulls say
Comstock Resources Inc. operates within a strategically advantageous area of the Haynesville shale, benefiting from its geographical proximity to Gulf Coast markets and superior economic conditions. The company has demonstrated a strong focus on developing its Western Haynesville operations, with expectations of generating mid-single digit growth by 2026 as natural gas prices improve, alongside potential cost reductions that could lower future capital requirements. Moreover, the positive well results from the Western Haynesville position and the anticipation of a return to lower gas differentials further support a favorable outlook for the company's operational and financial performance.
Bears say
Comstock Resources Inc. faces a bleak outlook as its gas proved developed producing (PDP) reserves are expected to experience a significant approximate 42% decline, which is the highest rate observed among its natural gas peers. The company is burdened by above-average debt levels that constrain its financial flexibility and may exert downward pressure on stock performance until leverage ratios improve. Additionally, the suspension of its dividend and cuts to its drilling programs signal ongoing operational challenges, further exacerbated by an anticipated decline in production in the second half of 2024.
This aggregate rating is based on analysts' research of Comstock Resources and is not a guaranteed prediction by Public.com or investment advice.
Comstock Resources (CRK) Analyst Forecast & Price Prediction
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