Shares of Comstock Resources Inc. (NYSE:CRK) saw an uptick in trading volume on Tuesday . 883,876 shares changed hands during mid-day 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 report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.00.

The stock has a 50-day moving average price of $4.39 and a 200 day moving average price of $4.22. The stock’s market cap is $69.77 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 the Thomson Reuters’ consensus estimate of ($0.66) by $3.39. During the same period in the prior year, the firm earned ($1.11) EPS. The business earned $40.72 million during the quarter, compared to analysts’ expectations of $39.16 million. The business’s revenue was down 47.3% on a year-over-year basis. On average, equities analysts predict that Comstock Resources Inc. will post ($12.97) 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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