Comstock Resources Inc. (NYSE:CRK) shares traded down 2.6% during mid-day trading on Tuesday . The company traded as low as $6.24 and last traded at $6.46, with a volume of 888,056 shares changing hands. The stock had previously closed at $6.63.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Stifel Nicolaus reiterated a “hold” rating on shares of Comstock Resources in a report on Wednesday. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.00.

The company has a 50 day moving average of $4.67 and a 200 day moving average of $4.24. The company’s market capitalization is $84.03 million.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings data 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. During the same period last year, the firm earned ($1.11) earnings per share. The firm earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. The company’s quarterly revenue was down 47.3% compared to the same quarter last year. On average, analysts expect 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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