Comstock Resources (CRK) Gains Upgrade With New Price Target | CRK Stock News

Jun 17, 2025

Wolfe Research has upgraded Comstock Resources (CRK, Financial) to an "Outperform" rating, setting a price target of $34. This change reflects a shift from valuing the company based on distributable cash flow to a resource-based perspective. The company's ongoing well tests, which were previously overlooked, are beginning to reveal potential benefits, enhancing the value of its drilling backlog. Wolfe Research anticipates that Comstock will benefit from higher gas prices forecasted over the next year and a half, positioning it well for future success.

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