Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Mar. 26 – Apr. 2: 7.83%

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.

The share price of Comstock Resources, Inc. (NYSE:CRK) surged last week after Morgan Stanley raised the stock’s price target from $21 to $22. CRK reported an adjusted EPS of $0.16 in Q4 2024, significantly above the analysts’ estimates of $0.03. In response to the rising natural gas prices, the company plans to spend approximately $1 billion to $1.1 billion this year to increase the number of operating drilling rigs it is running from five to seven.