Goldman Sachs maintained a Sell rating on Comstock Resources and lowered its price target to $10 from $13 on June 30. Morgan Stanley also reduced its price target on the stock to $16 from $18 on June 29, while keeping an Equal Weight rating, citing declining oil prices since the Iran-US memorandum of understanding announcement on June 14. Comstock Resources reported natural gas oil sales of $339 million, operating cash flow of $192 million or $0.66 per share, and adjusted EBITDAX of $251 million for fiscal Q1 2026. The company focuses on the Haynesville shale in East Texas.
Goldman Sachs Group Inc
Morgan StanleyComstock Resources IncGoldman Sachs and Morgan Stanley both lowered price targets, with Goldman maintaining a Sell rating.