Comstock Resources (CRK) has an average rating of hold and mean price target of $20.12, according to analysts polled by FactSet.
Price: $15.03, Change: $-0.14, Percent Change: -0.92%
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Equities
US Sanctions 27 Iranian Airlines Amid Escalating Regional Attacks
The US Treasury Department has sanctioned 27 Iranian airlines and several other entities on Tuesday as part of its ongoing effort to isolate Iran's economy, multiple outlets reported.The action, under "Operation Economic Outcast," targets all Iranian airlines not already under sanctions, the reports said.Treasury Secretary Scott Bessent warned that anyone doing business with Iran's remaining airlines risks being cut off from the global financial system, according to the reports.The move comes as Iran and its proxies continue attacks in and around the Strait of Hormuz, and follows Iran-backed Houthi militants' attack on multiple energy facilities in Saudi Arabia on Tuesday, which forced a temporary halt to some operations, the reports said.Oil prices jumped following the Houthi attack, with Brent crude rising above $99 per barrel and WTI up nearly 2% at session highs, according to the reports.
Equities
Bernstein Begins Sabic Agri-Nutrients Coverage at Underperform
Bernstein on Monday started its coverage of petrochemical company Sabic Agri-Nutrients (SASE:2020) with an underperform rating and a price target of 86.54 Saudi riyals.
SASE:2020
Equities
Akastor Unit Secures $300 Million Deal to Refinance Loans, Buy Aker Wayfarer Vessel
Akastor's (AKAST.OL) 66.7%-owned Akofs Offshore signed a $300 million reducing revolving credit facility agreement with DNB Bank (DNB.OL) and SpareBank 1 Sør-Norge (SB1NO.OL).The new four-year facility aims to refinance existing loan agreements for the Akofs Seafarer and Akofs Santos vessels, according to a Tuesday release.The oil-services investment company's affiliate will also use the loan to exercise its $57.7 million option to purchase the Aker Wayfarer from Ocean Yield ASA in the third quarter of 2027. The subsea equipment support vessel is currently chartered by Petróleo Brasileiro (PJXA.F) in Brazil.
$AKAST.OL$DNB.OL$PJXA.F$SB1NO.OL