Goldman Sachs Reiterates Sell Rating on CRK
Goldman Sachs maintains its sell rating on CRK with a $10 target, a 29.53% downside from the current price.
Key Points
- Goldman Sachs reiterated its sell rating on CRK, setting a price target of $10 as of June 30, 2026.
- Goldman Sachs's $10 price target implies 29.53% downside from Comstock Resources, Inc.'s ($CRK) current $14.19 share price.
- Shares of CRK traded at approximately $14.19 on Tuesday, reflecting market conditions.
- Institutional investors like BlackRock and State Street have adjusted their positions in CRK recently.
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Goldman Sachs has reiterated its sell rating on CRK, maintaining a price target of $10. This decision was announced on June 30, 2026, by analyst Umang Choudhary. The rating comes as CRK shares traded around $14.19 on Tuesday.
Goldman Sachs vs. the S&P 500
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Other Institutional Activity in CRK
BlackRock, Inc. increased its holdings in CRK by 333,827 shares, ending with 11,666,877 shares valued at about $245.9 million. Dimensional Fund Advisors LP trimmed its stake by 102,660 shares, leaving it with 11,260,788 shares worth approximately $237.4 million. Meanwhile, State Street Corp significantly boosted its position by 712,067 shares, bringing its total to 5,195,270 shares valued at $109.5 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated new positions in CRK, with 4,722,428 and 3,337,760 shares, respectively.
Comstock Resources, Inc. Stock Down 0.7%
Shares of CRK traded near $14.19 on Tuesday. Information about CRK's market cap, P/E ratio, and other financial metrics was not available at the time of writing.
$CRK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Comstock Resources, Inc.
Several insiders, including Ronald Eugene Mills, the VP of Finance and IR, and Roland Burns, the President & CFO, sold shares on June 6, 2026. Mills sold 1,189 shares, while Burns sold 24,405 shares, both at an average price of $13. Other executives, including Daniel Harrison and Clifford Doyle III, also sold shares on the same date.
Analysts Set New Price Targets
On June 30, 2026, Goldman Sachs maintained its sell rating on CRK with a price target of $10. Morgan Stanley also maintained a hold rating with a $16 target on June 29, 2026. Mizuho kept a hold rating with a $21 target on May 27, 2026. The consensus among analysts is mixed, with some maintaining hold ratings and others recommending sell.
Bottom Line
Goldman Sachs's reiterated sell rating on CRK underscores its cautious outlook, setting a lower price target of $10. Investors keep a close eye on such ratings as they can influence market perceptions. It's important to remember that analyst ratings and 13F filings reflect past events and may not indicate current positions.
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