Comstock Resources Inc. (CRK) Sees Strong Trading Volume
Comstock Resources Inc. (NYSE:CRK) shares saw unusually-high trading volume on Thursday . Approximately 585,499 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 276,152 shares.The stock last traded at $4.09 and had previously closed at $3.47.
A number of research analysts have weighed in on CRK shares. Robert W. Baird reissued a “neutral” rating on shares of Comstock Resources in a research report on Wednesday, April 20th. Zacks Investment Research lowered shares of Comstock Resources from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.00.
The stock has a 50-day moving average of $4.12 and a 200-day moving average of $4.45. The company’s market cap is $52.27 million.
Comstock Resources (NYSE:CRK) last announced its quarterly earnings results 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 in the previous year, the business earned ($1.11) earnings per share. The company had revenue of $40.72 million for the quarter, compared to the consensus estimate of $39.16 million. The company’s revenue was down 47.3% compared to the same quarter last year. Analysts forecast that Comstock Resources Inc. will post ($13.39) earnings per share for the current year.
A hedge fund recently raised its stake in Comstock Resources stock. California Public Employees Retirement System increased its stake in shares of Comstock Resources Inc. (NYSE:CRK) by 16.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC.
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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