Why These Energy Stocks are Losing This Week

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

Share Price Decline Between Oct 3 – Oct 10: -12.95%

Comstock Resources, Inc. (NYSE:CRK) is 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 heavily recently following a sharp uptick in natural gas prices, which tend to rise as colder months approach due to increased demand for heating. However, natural gas prices fell by over 6% this week, hinting at possible profit-taking by investors.

Comstock Resources, Inc. (NYSE:CRK) was also impacted by the recent plunge in the overall market following a re-escalation of trade tensions between China and the US, with Beijing imposing stricter curbs on the exports of its crucial rare-earths and Washington responding with threats of more aggressive tariffs.