Shares of 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 weighed in on CRK. Zacks Investment Research cut Comstock Resources from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Robert W. Baird restated a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.00.

The company has a 50 day moving average price of $4.12 and a 200-day moving average price of $4.45. The stock’s market cap is $50.52 million.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by $3.39. The firm earned $40.72 million during the quarter, compared to analyst estimates of $39.16 million. During the same period last year, the firm posted ($1.11) EPS. The firm’s revenue was down 47.3% on a year-over-year basis. On average, equities analysts forecast that Comstock Resources Inc. will post ($13.39) EPS for the current fiscal year.

An institutional investor recently raised its position in Comstock Resources stock. California Public Employees Retirement System raised its position in Comstock Resources Inc. (NYSE:CRK) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 2.20% of Comstock Resources worth $1,967,000 at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.