Piper Sandler raised the firm’s price target on Comstock Resources (CRK) to $12 from $6 and keeps an Underweight rating on the shares. Coming out of Q1 2025 earnings, the firm is adjusting its near-term commodity price forecast, maintaining its long-term mid-cycle oil and raising mid-cycle gas to $3.50 from $3.25. In E&P, Piper continues to look for a balance of operational flexibility, deep high-return inventory runways and low reinvestment rates through FY26.
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Read More on CRK:
- Comstock Resources price target raised to $24 from $22 at Mizuho
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