Citi Lowers its Price Target on Comstock Resources (CRK) to $19

Comstock Resources, Inc. (NYSE:CRK) is one of the 10 Stocks to Buy on a Pullback.

On April 15, 2026, Citi analyst Scott Gruber lowered the price target on Comstock Resources, Inc. (NYSE:CRK) to $19 from $24 previously and maintained a Neutral rating on the shares. The firm updated its model ahead of earnings, projecting a discretionary cash flow of about $230.1M, slightly below the roughly $244.8M consensus, primarily due to more conservative commodity price assumptions. Citi also expects production to come in around the midpoint of guidance, with a modest sequential increase.

Last month, Comstock Resources, Inc. (NYSE:CRK) announced that its Western Haynesville operations will support the newly designated Texas Natural Gas-Fired Power Generation Hub in Anderson County, Texas. The project was selected by the U.S. Department of Commerce as part of Japan’s $550B investment commitment tied to the U.S.-Japan trade agreement. The development is a collaboration between Comstock and NextEra Energy (NYSE:NEE), which will build and operate the facility. The project is expected to deliver up to 5.2 GW of natural gas-fired capacity, capable of supporting roughly 5 GW of large-scale demand. Comstock is positioned to supply natural gas to the facility, with volumes potentially approaching 1 Bcf per day by 2031. The total project cost is estimated at $16B and remains subject to final agreements and development milestones.

Citi Lowers its Price Target on Comstock Resources (CRK) to $19

tcly / shutterstock.com

Comstock Resources, Inc. (NYSE:CRK) explores, develops, and produces natural gas and oil assets in the United States.

While we acknowledge the risk and potential of CRK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRK and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.