E&P, Natural Gas Surge Ends with 9% Market Cap Loss in One Day

Comstock Resources Inc. (CRK) closed at $22.03 on the NYSE on February 2, tumbling 9.55% and wiping out roughly $560 million (about KRW 700 billion) of market capitalization in a single day. Its market cap now stands at approximately $6.4 billion (around KRW 8 trillion), deepening its pullback from the 52-week high.

Just a month ago, the stock was touted as a technical leader with an RS Rating in the low 80s—signaling relatively strong price momentum—and the company had slated a February 12 conference call to discuss its fourth-quarter 2025 results and provide an operations update (investors.com).

Comstock Resources is an independent natural gas producer focused on the Haynesville Shale in Louisiana and Texas. Dallas Cowboys owner Jerry Jones—who holds about 70% of the company—is its largest shareholder and has driven its aggressive drilling and acquisition strategy (comstockresources.com).