Comstock Resources Stock 11-Day Winning Spree: Stock Climbs 46%
Comstock Resources (CRK) stock hit day 11 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 46% return. The company has gained about $2.3 Bil in value over the last 11 days, with its current market capitalization at about $7.3 Bil. The stock remains 38.4% above its value at the end of 2024. This compares with year-to-date returns of 16.5% for the S&P 500.
Comstock Resources’ recent streak was ignited by a stellar Q3 earnings beat, underpinned by soaring natural gas price realizations as record LNG exports and bullish demand forecasts fueled the commodity. Strategic debt reduction through asset divestitures further propelled the ascent, shifting investor sentiment.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There is a near-equal mix of good and bad in CRK stock given its overall Moderate operating performance and financial condition. Hence, despite its Moderate valuation, this makes the stock look Risky (see Buy or Sell CRK). Nevertheless, individual stocks can be volatile, but markets aren’t spared either – 2008, 2020. Volatility happens. See how Trefis’ Boston-based, wealth management partner’s asset allocation framework handled both.
For quick background, CRK provides acquisition, exploration, development, and production of oil and natural gas with significant proved reserves, headquartered in Frisco, Texas.
Comparing CRK Stock Returns With The S&P 500
The following table summarizes the return for CRK stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CRK | S&P 500 |
|---|---|---|
| 1D | 0.4% | 0.1% |
| 11D (Current Streak) | 46.2% | -0.6% |
| 1M (21D) | 31.3% | 3.1% |
| 3M (63D) | 58.3% | 5.9% |
| YTD 2025 | 38.4% | 16.5% |
| 2024 | 105.9% | 23.3% |
| 2023 | -32.4% | 24.2% |
| 2022 | 70.6% | -19.4% |
However, big gains can follow sharp reversals – but how has CRK behaved after prior drops? See CRK Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 113 S&P constituents with 3 days or more of consecutive gains and 13.0 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 30 | 13 |
| 4D | 47 | 0 |
| 5D | 17 | 0 |
| 6D | 11 | 0 |
| 7D or more | 8 | 0 |
| Total >=3 D | 113 | 13 |
Key Financials for Comstock Resources (CRK)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $1.6 Bil | $1.3 Bil |
| Operating Income | $226.5 Mil | $-169.5 Mil |
| Net Income | $211.9 Mil | $-218.8 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $470.3 Mil | $449.9 Mil |
| Operating Income | $89.4 Mil | $52.7 Mil |
| Net Income | $124.8 Mil | $111.1 Mil |
While CRK stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.