Comstock Resources Inc. (CRK) Stock Price Up 19.1%
Comstock Resources Inc. (NYSE:CRK) shares rose 19.1% during mid-day trading on Thursday . The stock traded as high as $7.38 and last traded at $6.86, with a volume of 1,912,887 shares traded. The stock had previously closed at $5.76.
Separately, Zacks Investment Research raised shares of Comstock Resources from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Comstock Resources currently has an average rating of “Hold” and an average target price of $9.00.
The stock’s market cap is $76.90 million. The firm’s 50 day moving average is $4.28 and its 200 day moving average is $4.27.
Comstock Resources (NYSE:CRK) last posted its earnings results on Monday, August 1st. The company reported ($4.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by $3.39. The firm had revenue of $40.72 million for the quarter, compared to analyst estimates of $39.16 million. During the same quarter in the prior year, the firm posted ($1.11) earnings per share. The company’s quarterly revenue was down 47.3% on a year-over-year basis. On average, analysts expect that Comstock Resources Inc. will post ($14.26) EPS 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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