Goldman Sachs Maintains a Sell on Comstock Resources (CRK)

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.

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