5 Best Stocks Under $10 in 2022

4. Comstock Resources, Inc. (NYSE:CRK)

Number of Hedge Funds: 24

Stock Price as of February 8: $7.37

Comstock Resources, Inc. (NYSE:CRK) is a natural gas pure-play that operates in the Haynesville shale. The Frisco, Texas-based corporation has an eleven-year reserve life, which is one of the best in the industry. The fundamental of natural gas is strong, which has aided Comstock Resources, Inc. (NYSE:CRK) in focusing on generating strong free cash flow. Comstock Resources, Inc. (NYSE:CRK) is a little more leveraged than its competitors, making it a high-risk and reward option in the natural gas universe. In the last six months, the stock price of Comstock Resources, Inc. (NYSE:CRK) has risen by over 25% as of February 8.

On January 14, Neal Dingmann at Truist reiterated a Hold rating on Comstock Resources, Inc. (NYSE:CRK) stock with a $10 target price. The analyst thinks that companies focused on crude oil exploration and production (E&P) should have a higher target price as he revised his crude oil price estimates by 10% for 2022 and his 2023 estimates by 8%. Crude oil prices are at a seven-year high on the back of tensions between Russia and Ukraine. The commodity has closed the past seven consecutive weeks in the green.