Comstock Resources Inc. (NYSE:CRK) shares traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $7.09 and last traded at $6.69, with a volume of 751,690 shares changing hands. The stock had previously closed at $6.67.

A number of research analysts recently issued reports on the company. Stifel Nicolaus restated a “hold” rating on shares of Comstock Resources in a report on Wednesday. Zacks Investment Research downgraded Comstock Resources from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Comstock Resources presently has an average rating of “Hold” and a consensus price target of $9.00.

The company has a 50 day moving average price of $4.67 and a 200 day moving average price of $4.24. The company’s market cap is $85.90 million.

Comstock Resources (NYSE:CRK) last released its quarterly earnings results on Monday, August 1st. The company reported ($4.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $3.39. The business 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 company earned ($1.11) earnings per share. The company’s revenue was down 47.3% on a year-over-year basis. 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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