UBS has commenced coverage of Comstock Resources (CRK, Financial), assigning it a Neutral rating and setting a price target of $19. Comstock Resources is primarily engaged in natural gas exploration and production, focusing on developing resources in the Western Haynesville area.
The firm believes that the current valuation of Comstock Resources stock (CRK, Financial) accurately reflects the company's promising long-term demand outlook and the potential for resource expansion. UBS’s analysis suggests that Comstock’s strategic position in the natural gas sector positions it well for future growth.
