Stocks · News reference
Truist Securities Initiates Coverage On Comstock Resources with Hold Rating, Announces Price Target of $16
Truist Securities analyst Gabriel Daoud initiates coverage on Comstock Resources (NYSE:CRK) with a Hold rating and announces Price Target of $16.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
UBS Maintains Sell on Comstock Resources, Raises Price Target to $14
$1.65B SOCAR Deal & $450M JV Strengthen CRK's Financials & Growth
Comstock Resources (CRK) has announced a $1.65 billion strategic partnership with Azerbaijan's SOCAR and a $450 million drilling joint venture with Jerry Jones. The deals will reduce pro forma net debt from $3.1 billion to $1.5 billion, provide LNG marketing capabilities, and fund drilling of 27 wells in the Haynesville while CRK retains operational control. The SOCAR transaction is expected to close by year-end 2026.