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Fly News Breaks for May 22, 2018
CRK
May 22, 2018 | 16:28 EDT
Stifel analyst Jane Trotsenko resumes coverage of Comstock Resources with a Hold rating and a price target of $9.80. The analyst cites new JVs, the sale of producing assets in Eagle Ford, upcoming acquisition of assets in the Bakken and the company's recapitalization impacting its production outlook and earnings potential. Trotsenko adds that if the Bakken transacation closes, Comstock would have "much better financials and be positioned to deliver strong Haynesville production growth".
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