Comstock Resources Inc. (NYSE:CRK) saw an uptick in trading volume on Monday . 1,487,085 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 891,965 shares.The stock last traded at $6.12 and had previously closed at $5.49.

Separately, Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.00.

The firm’s market capitalization is $82.90 million. The stock has a 50-day moving average of $4.53 and a 200-day moving average of $4.22.

Comstock Resources (NYSE:CRK) last released its quarterly earnings data on Monday, August 1st. The company reported ($4.05) 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 business earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. Comstock Resources’s revenue for the quarter was down 47.3% compared to the same quarter last year. Equities analysts predict that Comstock Resources Inc. will post ($12.97) 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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