Jefferies Initiates Coverage of Comstock Resources with Hold
Fintel reports that on September 25, 2026, Jefferies initiated coverage of Comstock Resources (NYSE:CRK) (DB:CX91) with a Hold recommendation.
Comstock Resources, Inc., based in the United States, operates primarily in the energy sector, focusing on the exploration, development, and production of oil and natural gas. The company concentrates on extracting value from unconventional geologic reservoirs, primarily targeting the Haynesville shale in North Louisiana and East Texas. Prior to the rating action, the company's stock closed at $13.82 on September 24, 2026, and subsequently closed at $13.12 on September 25, 2026. This latest close represents a one-week price change of +2.18% from a baseline close of $12.84 on September 18, 2026, and a one-month price change of -7.41% from a baseline close of $14.17 on August 25, 2026.
In its latest earnings report on July 29, 2026, Comstock Resources reported actual revenue of $353,282,000.00, compared to an estimated revenue of $434,654,611.00. The company reported an actual EPS of 0.03 against an estimated EPS of 0.0344, representing an earnings surprise of -12.79%.
Separately from the Jefferies rating, the current consensus target mean for Comstock Resources was $17.60 as of September 15, 2026, which represents an implied change of +34.11% and a median target of $16.32. This consensus mean is a +6.15% revision from the prior consensus target mean of $16.58 on August 28, 2026. As of September 1, 2026, the aggregate recommendation distribution for the company consisted of 2 strong buy, 4 buy, 11 hold, 2 sell, and 0 strong sell recommendations, totaling 19 recommendations. This breakdown reflects 31.6% positive, 57.9% hold, and 10.5% negative recommendations.
Other recent analyst activities include Truist Securities initiating coverage with a Hold rating on September 17, 2026. On September 9, 2026, UBS maintained a Sell rating. On September 2, 2026, BMO Capital maintained a Market Perform rating, and Goldman Sachs maintained a Sell rating. Mizuho also maintained a Neutral rating on September 1, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 25, 2026 | Jefferies | Hold | initiated coverage | |
| September 17, 2026 | Truist Securities | Hold | initiated coverage | |
| September 9, 2026 | UBS | Sell | Sell | maintained |
| September 2, 2026 | BMO Capital | Market Perform | Market Perform | maintained |
| September 2, 2026 | Goldman Sachs | Sell | Sell | maintained |
| September 1, 2026 | Mizuho | Neutral | Neutral | maintained |
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This story originally appeared on Fintel.