
Comstock Resources (CRK) Stock Forecast & Price Target
Comstock Resources (CRK) Analyst Ratings
Bulls say
Comstock Resources Inc demonstrates a positive outlook due to its strategic focus on increasing operational activity, as evidenced by the escalation to four rigs in its legacy Haynesville operations with plans to complete 32 operated wells in FY25. The company has maintained a disciplined capital expenditure guidance for development and completion (D&C) at $1-1.1 billion, reflecting strong management of financial resources despite challenging cost structures. Additionally, the significant investments made to unlock resource potential in the WHV position Comstock favorably for future resource development, particularly if market conditions improve.
Bears say
Comstock Resources Inc. has revised its FY25 production guidance down by 6% to a midpoint of 1,275 mmcfe/d, which is significantly lower than prior expectations for sequential growth in the latter half of the year. Additionally, the company has introduced third-quarter guidance for FY25 at 1,250 mmcfe/d, falling short of analyst estimates which ranged from 1,322 to 1,349 mmcfe/d. Furthermore, despite maintaining capital expenditure guidance and adding a rig to stabilize production decline in the Haynesville area, Comstock continues to face operational challenges, including delayed drilling activity and infrastructure constraints impacting several wells.
This aggregate rating is based on analysts' research of Comstock Resources and is not a guaranteed prediction by Public.com or investment advice.
Comstock Resources (CRK) Analyst Forecast & Price Prediction
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