Here is Why Comstock Resources (CRK) Slumped This Week

Sultan Khalid

Thu, Jul 10, 2025, 8:03 AM 1 min read

The share price of Comstock Resources, Inc. (NYSE:CRK) fell by 16.44% between June 30 and July 8, 2025, putting it among the Energy Stocks that Lost the Most This Week.

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

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) skyrocketed to a 10-year high last month after the analysts at Wolfe Research upgraded the stock from ‘Peer Perform’ to ‘Outperform’ and raised its price target to $34. So the recent downturn could be due to investors booking their profits following an impressive rally.

Moreover, Comstock Resources, Inc. (NYSE:CRK) came under pressure following a decline in the price of natural gas, with US natural gas futures dropping by over 22% since June 19 due to rising supply and strong storage levels.

Despite the downturn, the share price of Comstock Resources, Inc. (NYSE:CRK) has surged by more than 118% over the last year.

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Disclosure: None.