Comstock Resources Inc. (NYSE:CRK)’s share price traded down 9.1% during mid-day trading on Wednesday . The stock traded as low as $5.50 and last traded at $5.57, with a volume of 1,115,285 shares changing hands. The stock had previously closed at $6.13.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Comstock Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Robert W. Baird reiterated a “neutral” rating on shares of Comstock Resources in a research note on Wednesday, April 20th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

The firm’s 50 day moving average is $4.12 and its 200-day moving average is $4.25. The stock’s market cap is $72.02 million.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings data on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.66) by $3.39. During the same quarter in the previous year, the business posted ($1.11) EPS. The business earned $40.72 million during the quarter, compared to analysts’ expectations of $39.16 million. Comstock Resources’s revenue for the quarter was down 47.3% on a year-over-year basis. On average, analysts forecast that Comstock Resources Inc. will post ($14.26) 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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