Shares of Comstock Resources Inc. (NYSE:CRK) saw strong trading volume on Tuesday . 883,876 shares traded hands during trading, an increase of 9% from the previous session’s volume of 811,491 shares.The stock last traded at $5.97 and had previously closed at $5.44.

Separately, Zacks Investment Research downgraded shares of Comstock Resources from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.00.

The stock has a 50-day moving average price of $4.35 and a 200-day moving average price of $4.21. The company’s market capitalization is $73.27 million.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Monday, August 1st. The company reported ($4.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by $3.39. The company 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 earned ($1.11) EPS. Comstock Resources’s quarterly revenue was down 47.3% compared to the same quarter last year. On average, analysts anticipate that Comstock Resources Inc. will post ($14.17) 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.