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StockNews.com
Business
Pragya Pandey

Is Comstock Resources a Good Oil & Gas Stock to Own in 2022?

Oil Comstock Resources JP Morgan

Comstock Resources, Inc. (CRK) in Frisco, Tex., is an independent energy company that specializes in acquiring, exploring, developing, and producing oil and natural gas. As of Dec. 31, 2021, the business had 6.1 trillion cubic feet of natural gas equivalent proven reserves. It also has a stake in 2,557 producing oil and natural gas wells.

Its shares have gained 160.6% in price over the past year and 81.3% year-to-date to close yesterday's trading session at $14.67. Soaring oil and gas prices have contributed to the stock's price rally.

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