Comstock Resources Inc (CRK) saw its stock price increase by 5.00% as it crossed above the 5-day SMA, reflecting a strong performance in a challenging market environment.
The surge in Comstock's stock is attributed to a significant increase in natural gas futures, which rose 24.1% due to a blast of freezing weather across the U.S. This weather event is expected to boost demand for heating and electricity generation, driving prices to a year-to-date high. Analysts note that the cold conditions could disrupt natural gas production, further supporting price increases.
This price movement indicates a positive outlook for Comstock Resources, as the company stands to benefit from the heightened demand for natural gas amid adverse weather conditions.
Wall Street analysts forecast CRK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRK is 20.00 USD with a low forecast of 8.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast CRK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRK is 20.00 USD with a low forecast of 8.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
4 Hold
3 Sell
Hold
Current: 22.410
Low
8.00
Averages
20.00
High
29.00
Current: 22.410
Low
8.00
Averages
20.00
High
29.00
Morgan Stanley
Equal Weight
maintain
$19 -> $20
2026-01-23
Reason
Morgan Stanley
Price Target
$19 -> $20
AI Analysis
2026-01-23
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Comstock Resources to $20 from $19 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
BofA
Buy
to
Neutral
downgrade
$27 -> $24
2026-01-16
Reason
BofA
Price Target
$27 -> $24
2026-01-16
downgrade
Buy
to
Neutral
Reason
BofA downgraded Comstock Resources to Neutral from Buy with a price target of $24, down from $27. Bullish sentiment on natural gas has persisted for 18 months, but the firm sees rising risk of oversupply in 2027, which combined with lower price forecasts drives an average 12% reduction in its price objectives among the gas-levered E&P group.
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UBS
Sell
maintain
$16 -> $18
2025-12-12
Reason
UBS
Price Target
$16 -> $18
2025-12-12
maintain
Sell
Reason
UBS raised the firm's price target on Comstock Resources to $18 from $16 and keeps a Sell rating on the shares.
Mizuho
Neutral
maintain
$21 -> $29
2025-12-12
Reason
Mizuho
Price Target
$21 -> $29
2025-12-12
maintain
Neutral
Reason
Mizuho raised the firm's price target on Comstock Resources to $29 from $21 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of its 2026 outlook. While sentiment for U.S. oil and gas names is negative on oil market oversupply and high gas storage, there is "underappreciated value" in the group, particularly in exploration and production on longer-term fundamentals that could start becoming realized in 2026, the analyst tells investors in a research note. Mizuho suggests a reallocation of risk toward oil E&Ps with a selective bias in gas stocks. It turned more neutral on refining.
About CRK
Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of the North American natural gas and oil segment. Its primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast natural gas markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in the Western Haynesville play. It has over 1,099,090 acres (819,489 net) prospective for the Haynesville and Bossier shale plays, located in North Louisiana and East Texas, including its extension of the plays in its Western Haynesville area. The Company owns interests in over 2,427 producing natural gas and oil wells (1,542.6 net) and it operates 1,747 of these wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
