Sign in

    Kyle Ackerman

    Vice President and Equity Research Analyst at Bank of America

    Kyle Ackerman is a Vice President and Equity Research Analyst at Bank of America, specializing in coverage of the real estate sector with a primary focus on publicly-traded REITs and property management firms. He covers major companies in the sector such as Prologis, Equity Residential, and Simon Property Group, providing in-depth analysis and investment recommendations to institutional clients. Ackerman began his career as a research associate at a leading investment firm before joining Bank of America in the early 2020s, where he quickly advanced through analyst ranks due to his rigorous approach and keen market insights. He holds FINRA Series 7, 63, and 86/87 licenses and is recognized for his detailed sector knowledge and growing influence among institutional investors.

    Kyle Ackerman's questions to COMSTOCK RESOURCES (CRK) leadership

    Kyle Ackerman's questions to COMSTOCK RESOURCES (CRK) leadership • Q4 2024

    Question

    Kyle Ackerman of Bank of America asked about the company's early thoughts on 2026, specifically whether the current 7-rig activity level would be maintained, and inquired about the target leverage ratio for year-end 2026.

    Answer

    President & CFO Roland Burns confirmed that a 7-rig program is a comfortable level, allowing the company to improve its balance sheet. He stated that while debt won't be added in 2025, 2026 will be a year for significant debt reduction. He projected leverage would improve through 2025, with a goal of getting below 1.5x in 2026.

    Ask Fintool Equity Research AI