Comstock Resources Inc. (CRK) Sees Unusually-High Trading Volume
Comstock Resources Inc. (NYSE:CRK) saw an uptick in trading volume on Tuesday . 1,662,041 shares changed hands during trading, an increase of 238% from the previous session’s volume of 491,074 shares.The stock last traded at $5.52 and had previously closed at $4.60.
A number of brokerages have issued reports on CRK. Imperial Capital increased their price objective on shares of Comstock Resources to $3.75 and gave the company an “in-line” rating in a report on Thursday, August 11th. Zacks Investment Research lowered shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 20th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Comstock Resources has an average rating of “Hold” and a consensus target price of $9.00.
The stock’s market capitalization is $76.65 million. The company has a 50-day moving average of $4.12 and a 200-day moving average of $4.25.
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 Zacks’ consensus estimate of ($0.66) by $3.39. The business earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. During the same period in the previous year, the firm earned ($1.11) earnings per share. The company’s revenue for the quarter was down 47.3% compared to the same quarter last year. On average, equities research analysts anticipate that Comstock Resources Inc. will post ($14.26) EPS for the current fiscal year.
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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