Added to YB: 2026-09-07
Pitch date: 2026-09-04
CRK [bullish]
Comstock Resources, Inc.
Author Info
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Company Info
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States.
Market Cap
$4.4B
Pitch Price
N/A
Price Target
60.20
Dividend
N/A
EV/EBITDA
8.19
P/E
8.66
EV/Sales
4.30
Sector
Oil, Gas and Consumable Fuels
Category
value
A Hidden AI Play Just Signed $2B in Deals - $CRK
CRK (hold): Comstock remains a core holding after partnerships that trade some asset ownership and upside for lower risk, debt reduction and faster drilling. The bull case is AI- and LNG-led gas demand outpacing supply. If the $1.65B SOCAR deal closes, estimated pretax interest savings are ~$0.40 per share; the Jones family will fund most costs for 27 wells. The $60.20 target at $5 gas, versus ~$15, was raised because of higher well-production estimates — not the deals — while excess supply, slower LNG or AI demand, mild winters and hedges remain risks.
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