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Comstock Resources price target lowered to $10 from $12 at Piper Sandler

Piper Sandler lowered the firm’s price target on Comstock Resources (CRK) to $10 from $12 and keeps an Underweight rating on the shares. The firm notes the company had a challenging Q2, which resulted in one WHV TIL getting pushed to Q4 2025, six WHV TILs slipping into FY26 and infrastructure constraints on four HV wells in ETX. The company reduced FY25 production guidance by 6% and maintained FY25 capex guidance despite adding a rig in the legacy HV area to stabilize decline, Piper adds.

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