Mizuho analyst Nitin Kumar raised the firm’s price target on Comstock Resources to $11 from $10 and keeps an Underperform rating on the shares. The firm updated its commodity price outlook through 2026 following the Q1 earnings season, while increasing net asset value-based price targets by 7%. It sees strength in global oil prices near-term, given higher non-OECD demand and more modest supply gains but maintains a long term $75 per barrel midcycle Brent outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRK:
- Comstock Resources reports Q1 EPS (5c), consensus (7c)
- Is CRK a Buy, Before Earnings?
- Comstock Resources price target lowered to $13.50 from $14 at Stifel
- Comstock Resources price target raised to $10 from $9 at Mizuho
- COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS DATE AND CONFERENCE CALL INFORMATION