Comstock Resources Inc. (NYSE:CRK) shares were down 3.1% during trading on Wednesday . The company 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 cut shares of Comstock Resources from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.00.

The stock has a 50 day moving average price of $4.42 and a 200 day moving average price of $4.23. The firm’s market cap is $68.65 million.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Monday, August 1st. The company reported ($4.05) earnings per share 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 in the prior year, the company posted ($1.11) EPS. The firm’s quarterly revenue was down 47.3% on a year-over-year basis. Equities research analysts anticipate that Comstock Resources Inc. will post ($12.97) 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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