Goldman on CRK , hmmmm

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Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Goldman on CRK , hmmmm

Post by Fraser921 »

Comstock Resources (CRK) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $15 to $33.

Their view

Raises target to $ 15

Goldman Sachs Raises Price Target on Comstock Resources to $15 From $14, Maintains Sell Rating
dan_s
Posts: 37305
Joined: Fri Apr 23, 2010 8:22 am

Re: Goldman on CRK , hmmmm

Post by dan_s »

They are NY Giants fans. They hate Jerry Jones, who owns controlling interest in CRK.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Goldman on CRK , hmmmm

Post by Fraser921 »

HAHAHHA :lol:

At least she is moving in right direction.
dan_s
Posts: 37305
Joined: Fri Apr 23, 2010 8:22 am

Re: Goldman on CRK , hmmmm

Post by dan_s »

If Comstock's average realized ngas price in Q1 is $7.50/mcf they should generate over $780 million of operating cash flow ($3.50/share) and over $500 million of free cash flow in just the first quarter. < That compares to $490 operating cash flow for the year 2021.
My current valuation of $44.00 per share is looking too conservative as Old Man Winters first Polar Vortex approaches Chicago.

Goldman's price target is less than 1.4 X my operating cash flow forecast for 2023.
Dan Steffens
Energy Prospectus Group
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