Goldman Sachs Reiterates Sell Rating on Comstock Resources
Goldman Sachs maintains a sell rating on Comstock Resources with a $10 price target, a 32.98% downside from the current price.
Key Points
- Goldman Sachs reiterated its sell rating on Comstock Resources with a price target of $10 on June 30, 2026.
- Goldman Sachs's $10 price target implies 32.98% downside from Comstock Resources, Inc.'s ($CRK) current $14.92 share price.
- Shares of Comstock Resources traded at $14.19 on Wednesday, with a market cap of approximately $4.38 billion.
- Insiders at Comstock Resources sold shares on June 6, 2026, while analysts have varied ratings, including hold and sell.
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Goldman Sachs has reiterated its sell rating on Comstock Resources, Inc. (NYSE:CRK), setting a price target of $10. The announcement came on June 30, 2026, as analyst Umang Choudhary maintained the firm's bearish stance on the energy company.
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Comstock Resources, Inc. Stock Up 4.4%
Shares of NYSE:CRK traded near $14.19 on Wednesday. Comstock Resources, which engages in the acquisition and development of natural gas and oil properties, has a market cap of about $4.38 billion. The company has a P/E ratio of 6.8 and a forward P/E of 13.8, reflecting its valuation metrics. Over the past 52 weeks, the stock has seen a low of $12.44 and a high of $28.10, with moving averages of $14.69 for 50 days and $19.46 for 200 days.
$CRK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent financial results, Comstock Resources reported revenue of approximately $2 billion, marking a growth of 14.2%. The company achieved a net margin of 31.2% and a return on equity of 24.2%. Investors are looking ahead to the next earnings report, scheduled for July 29, 2026.
Insider Buying and Selling at Comstock Resources, Inc.
On June 6, 2026, multiple insiders at Comstock Resources sold shares at an average price of $13. Notable transactions included Ronald Eugene Mills, VP of Finance and IR, selling 1,189 shares, and Daniel Harrison, COO, selling 6,693 shares. These sales were not marked as planned under Rule 10b5-1.
Analysts Set New Price Targets
Goldman Sachs reiterated its sell rating on June 30, 2026, with a $10 target. On June 29, Morgan Stanley maintained a hold rating with a $16 price target. Mizuho also maintained a hold rating on May 27, with a target of $21. The consensus among analysts is a hold rating, with a mean price target of $16.92 based on 12 opinions.
About Comstock Resources
Comstock Resources, Inc. is an independent energy company based in Frisco, Texas. It focuses on the exploration and production of natural gas and oil, primarily in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is led by CEO Miles Jay Allison.
$CRK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Bottom Line
Goldman Sachs' reiteration of its sell rating on Comstock Resources reflects ongoing caution about the company's prospects. While the stock has traded near its lower range, insiders have been selling shares, and the analyst community offers mixed ratings. Investors will be closely watching the upcoming earnings report for further insights into the company's performance.
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