Comstock Resources Inc. (NYSE:CRK) saw an uptick in trading volume on Thursday . 585,499 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 276,152 shares.The stock last traded at $4.09 and had previously closed at $3.47.

A number of research firms have recently issued reports on CRK. Zacks Investment Research upgraded Comstock Resources from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Tuesday, July 5th. Robert W. Baird restated a “neutral” rating on shares of Comstock Resources in a research report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.00.

The company has a 50-day moving average of $4.12 and a 200-day moving average of $4.45. The stock’s market capitalization is $52.39 million.

Comstock Resources (NYSE:CRK) last posted 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 firm had revenue of $40.72 million for the quarter, compared to the consensus estimate of $39.16 million. During the same period last year, the firm posted ($1.11) EPS. The company’s revenue for the quarter was down 47.3% on a year-over-year basis. Equities research analysts predict that Comstock Resources Inc. will post ($13.39) EPS for the current year.

A hedge fund recently raised its stake in Comstock Resources stock. California Public Employees Retirement System increased its stake in Comstock Resources Inc. (NYSE:CRK) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,051,656 shares of the company’s stock after buying an additional 145,700 shares during the period. California Public Employees Retirement System owned about 2.20% of Comstock Resources worth $1,967,000 as of its most recent filing with the SEC.

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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