Comstock Resources Inc. (CRK) Shares Down 3.1%
Comstock Resources Inc. (NYSE:CRK)’s share price was down 3.1% during trading on Wednesday . The stock traded as low as $5.58 and last traded at $5.68, with a volume of 122,009 shares changing hands. The stock had previously closed at $5.86.
Separately, 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 equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Comstock Resources presently has a consensus rating of “Hold” and a consensus target price of $9.00.
The firm’s market cap is $66.65 million. The firm has a 50-day moving average of $4.35 and a 200 day moving average of $4.21.
Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $3.39. The firm earned $40.72 million during the quarter, compared to analyst estimates of $39.16 million. Comstock Resources’s revenue was down 47.3% on a year-over-year basis. During the same period in the previous year, the business earned ($1.11) EPS. Analysts expect that Comstock Resources Inc. will post ($14.17) earnings per share for the current 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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