Why A Modest Move To $24 For CRK Could Still Matter

Comstock Resources, Inc. (NYSE:CRK) is among the 12 High Growth Energy Stocks to Buy Now.

On March 31, Citi raised its price target on Comstock Resources, Inc. (NYSE:CRK) to $24 from $23 while maintaining a Neutral rating, reflecting updated commodity price assumptions across the energy sector. The firm noted that companies in the space are exhibiting disciplined capital allocation and a strong focus on shareholder returns, supporting improved financial performance despite market volatility.

On March 23, Comstock Resources, Inc. (NYSE:CRK) announced that its Western Haynesville assets will supply natural gas to a major power generation project in Anderson County, Texas, part of a broader U.S.-Japan trade initiative. The planned facility, developed in collaboration with NextEra Energy, is expected to deliver up to 5.2 GW of natural gas-fired generation capacity and could require nearly 1 billion cubic feet per day of gas supply by 2031. With an estimated project cost of $16 billion, this development underscores the strategic importance of Comstock’s resource base and its ability to support large-scale energy infrastructure projects.

Comstock Resources, Inc. (NYSE:CRK) is a leading independent natural gas producer focused on the Haynesville shale region in North Louisiana and East Texas. Headquartered in Frisco, Texas, the company plays a critical role in supplying natural gas to LNG export markets along the Gulf Coast. With increasing demand from large-scale infrastructure projects and favorable commodity pricing, Comstock is well-positioned to drive long-term growth, supporting a strong investment thesis with meaningful upside potential.

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