Comstock Resources Inc. (CRK) Sees Unusually-High Trading Volume
Shares of Comstock Resources Inc. (NYSE:CRK) saw unusually-strong trading volume on Tuesday . Approximately 1,662,041 shares changed hands during trading, an increase of 238% from the previous session’s volume of 491,074 shares.The stock last traded at $5.52 and had previously closed at $4.60.
A number of equities research analysts recently commented on CRK shares. Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Robert W. Baird reiterated a “neutral” rating on shares of Comstock Resources in a report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.00.
The firm’s market capitalization is $86.90 million. The stock has a 50 day moving average of $4.16 and a 200 day moving average of $4.26.
Comstock Resources (NYSE:CRK) last issued its earnings results on Monday, August 1st. The company reported ($4.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.66) by $3.39. During the same quarter in the previous year, the company posted ($1.11) earnings per share. The business earned $40.72 million during the quarter, compared to analysts’ expectations of $39.16 million. The business’s quarterly revenue was down 47.3% on a year-over-year basis. Analysts predict that Comstock Resources Inc. will post ($14.26) 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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