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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRK:
- Comstock Resources price target raised to $24 from $22 at Mizuho
- Comstock Resources Reports Strong Q1 2025 Results
- Comstock Resources Earnings Call: Mixed Sentiments and Strategic Focus
- Comstock Resources: Sell Rating Maintained Amid Disappointing Q1 Results and Unfavorable Risk/Reward Profile
- Comstock Resources: Promising Prospects and Strategic Growth Drive Buy Rating