Comstock Resources, Inc. (NYSE:CRK) is one of the best oil and gas stocks to buy for the next decade.
Goldman Sachs cut the price target on Comstock Resources, Inc. (NYSE:CRK) to $10 from $13 on June 30, maintaining a Sell rating on the shares
The stock also received a rating update from Morgan Stanley on June 29, with the firm lowering the price target on the stock to $16 from $18 while maintaining an Equal Weight rating on the shares. The firm noted that since the announcement of a memorandum of understanding between Iran and the United States on June 14, oil prices have declined, with WTI now sitting only slightly above pre-conflict levels. The firm thus refreshed its estimates for the latest energy prices.
For reference, in its financial results for fiscal Q1 2026, Comstock Resources, Inc. (NYSE:CRK) announced that natural gas oil sales, including realized hedging losses, came up to $339 million for the quarter, with an operating cash flow of $192 million or $0.66 per share and adjusted EBITDAX of $251 million for the quarter. Comstock Resources, Inc. (NYSE:CRK) is involved in the acquisition, development, and exploration of oil and natural gas, with its operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas. While we acknowledge the potential of CRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.