Comstock Resources Inc. (NYSE:CRK) shot up 9.2% on Wednesday . The company traded as high as $3.47 and last traded at $3.19, with a volume of 562,179 shares trading hands. The stock had previously closed at $2.92.

A number of research firms have recently weighed in on CRK. Zacks Investment Research cut Comstock Resources from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Robert W. Baird reaffirmed a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Comstock Resources presently has a consensus rating of “Hold” and a consensus target price of $9.00.

The stock’s market cap is $42.25 million. The company has a 50 day moving average of $4.15 and a 200 day moving average of $4.46.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Monday, August 1st. The company reported ($4.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by $3.39. During the same quarter last year, the firm posted ($1.11) EPS. The firm had revenue of $40.72 million for the quarter, compared to the consensus estimate of $39.16 million. The business’s revenue for the quarter was down 47.3% on a year-over-year basis. Equities analysts expect that Comstock Resources Inc. will post ($13.39) EPS for the current year.

A hedge fund recently raised its stake in Comstock Resources stock. California Public Employees Retirement System raised its position in shares of Comstock Resources Inc. (NYSE:CRK) by 16.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,051,656 shares of the company’s stock after buying an additional 145,700 shares during the period. California Public Employees Retirement System owned about 2.20% of Comstock Resources worth $1,967,000 at the end of the most recent reporting period.

Comstock Resources, Inc is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana.

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