Comstock Resources Inc. (CRK) Trading Up 5.4%
Shares of Comstock Resources Inc. (NYSE:CRK) were up 5.4% during mid-day trading on Thursday . The company traded as high as $5.83 and last traded at $5.62, with a volume of 421,361 shares. The stock had previously closed at $5.33.
Separately, Zacks Investment Research downgraded shares of Comstock Resources from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.00.
The company’s market capitalization is $69.16 million. The firm has a 50-day moving average price of $4.39 and a 200-day moving average price of $4.22.
Comstock Resources (NYSE:CRK) last announced 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. Comstock Resources’s revenue for the quarter was down 47.3% on a year-over-year basis. During the same quarter last year, the firm earned ($1.11) earnings per share. On average, equities analysts predict that Comstock Resources Inc. will post ($12.97) 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.