Comstock Resources (CRK) Posts Impressive Performance in Q3

The share price of Comstock Resources, Inc. (NYSE:CRK) surged by 22.77% between October 31 and November 7, 2025, putting it among the Energy Stocks that Gained the Most This Week.

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) reported an impressive performance for its third quarter on November 3, topping expectations in both profits and revenue on higher natural gas prices and continued strong drilling results in the Haynesville and Bossier shales. Moreover, the company announced the divestiture of some of its legacy Haynesville assets, with the proceeds to be used for debt retirement.

Miles Jay Allison, Chairman and CEO of Comstock Resources, Inc. (NYSE:CRK), stated in the company’s Q3 earnings call:

“I don’t believe we have ever seen a brighter future for natural gas. Natural gas has become the go-to energy source in the United States, driven by the growth in LNG exports and the push to generate power for AI and data center development. I noticed yesterday that LNG exports reached a record high of 18.7 Bcf and the journal is full of articles on the impact of AI and data centers on future power demand.”

Following the impressive Q3 results, UBS raised its price target on Comstock Resources, Inc. (NYSE:CRK) from $14 to $16, while maintaining a ‘Sell’ rating on its shares. Moreover, Comstock also received a boost recently due to a sharp uptick in natural gas prices, with US natural gas futures hovering at their highest since March on the back of record LNG exports.

While we acknowledge the potential of CRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Utility Stocks to Buy for Dividends and 11 Best High Yield Energy Stocks to Buy Now.

Disclosure: None.