Comstock Resources Inc. (CRK) Shares Down 2.6%
Comstock Resources Inc. (NYSE:CRK) shares fell 2.6% during trading on Tuesday . The company traded as low as $6.24 and last traded at $6.46, with a volume of 888,056 shares trading hands. The stock had previously closed at $6.63.
Separately, Zacks Investment Research cut Comstock Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Comstock Resources has a consensus rating of “Hold” and an average target price of $9.00.
The firm’s 50-day moving average price is $4.60 and its 200-day moving average price is $4.22. The company’s market capitalization is $83.40 million.
Comstock Resources (NYSE:CRK) last posted its earnings results 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. During the same period in the prior year, the company posted ($1.11) EPS. The business earned $40.72 million during the quarter, compared to the consensus estimate of $39.16 million. The firm’s revenue for the quarter was down 47.3% compared to the same quarter last year. On average, equities research analysts forecast 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.