Here is Why Comstock Resources (CRK) Skyrocketed This Week

The share price of Comstock Resources, Inc. (NYSE:CRK) surged by 28.4% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why Comstock Resources (CRK) Skyrocketed This Week

A drilling rig surrounded by reserves of oil and natural gas.

Comstock Resources, Inc. (NYSE:CRK), a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas.

Comstock Resources, Inc. (NYSE:CRK) received a massive boost this week after the analysts at Wolfe Research upgraded the stock from ‘Peer Perform’ to ‘Outperform’ and raised its price target to $34. The positive outlook comes as a result of a shift in the company’s investment focus from distributable cash flow to a result-based valuation, supported by reduced risks in the company’s backlogs due to its successful well tests.

Moreover, Comstock Resources, Inc. (NYSE:CRK) has emerged as a leader in the Western Haynesville play, where the significantly lower land costs help position the company as a low-cost gas producer and enhance its profitability amid an anticipated surge in natural gas prices.

While we acknowledge the potential of CRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT:  10 Best Nuclear Energy Stocks to Buy Right Now and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

Disclosure: None.