Comstock Resources, Inc. (NYSE:CRK) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.70 and last traded at $4.72, with a volume of 165,789 shares traded. The stock had previously closed at $4.88.

CRK has been the subject of several recent research reports. ValuEngine lowered Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus set a $12.00 price target on Comstock Resources and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Capital One Financial Corporation reiterated an “underweight” rating on shares of Comstock Resources in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.20.

The firm’s market capitalization is $71.82 million. The stock’s 50-day moving average is $6.02 and its 200 day moving average is $7.21.

Comstock Resources (NYSE:CRK) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.60. The firm had revenue of $61.47 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same period last year, the company earned $0.41 EPS. Equities research analysts forecast that Comstock Resources, Inc. will post ($4.87) EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of CRK. Vanguard Group Inc. grew its stake in shares of Comstock Resources by 40.4% in the 2nd quarter. Vanguard Group Inc. now owns 628,355 shares of the oil and gas producer’s stock valued at $4,443,000 after buying an additional 180,935 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Comstock Resources in the 1st quarter valued at approximately $1,536,000. First Washington CORP purchased a new stake in shares of Comstock Resources in the 2nd quarter valued at approximately $795,000. Paloma Partners Management Co purchased a new stake in shares of Comstock Resources in the 1st quarter valued at approximately $998,000. Finally, Hodges Capital Management Inc. grew its stake in shares of Comstock Resources by 5.9% in the 2nd quarter. Hodges Capital Management Inc. now owns 1,583,867 shares of the oil and gas producer’s stock valued at $11,198,000 after buying an additional 87,805 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

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About Comstock Resources

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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