Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Sep 25 – Oct 2: 9.24%

Next on our list of Energy Stocks that Gained the Most This Week is 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) surged following a sharp uptick in natural gas prices, with US natural gas futures shooting up by over 30% this week. Natural gas prices tend to rise with colder months approaching, as demand is expected to increase due to heating. Additionally, the latest EIA storage data came in bullish, with inventories increasing by only 53 bcf for the week ending September 26, well under expectations of 67 bcf and the five-year average build of 85 bcf.

Following the recent gains, the share price of Comstock Resources, Inc. (NYSE:CRK) has grown by 77% over the last year.