Comstock Resources, Inc. (NYSE:CRK) reached a new 52-week low on Tuesday . The stock traded as low as $5.50 and last traded at $5.50, with a volume of 178,476 shares. The stock had previously closed at $5.75.

A number of research analysts recently commented on the stock. Stifel Nicolaus set a $12.00 price objective on shares of Comstock Resources and gave the company a “buy” rating in a research note on Monday, August 14th. ValuEngine downgraded Comstock Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Capital One Financial Corporation reaffirmed an “underweight” rating on shares of Comstock Resources in a research note on Monday, August 7th. Finally, Zacks Investment Research cut Comstock Resources from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.21.

The stock’s market cap is $85.13 million. The stock’s 50 day moving average price is $6.20 and its 200-day moving average price is $7.33.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CRK. Northern Trust Corp grew its holdings in shares of Comstock Resources by 3.4% in the 2nd quarter. Northern Trust Corp now owns 31,745 shares of the oil and gas producer’s stock valued at $225,000 after buying an additional 1,055 shares during the period. Russell Investments Group Ltd. raised its stake in Comstock Resources by 7.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 48,105 shares of the oil and gas producer’s stock worth $340,000 after buying an additional 3,345 shares during the period. Bank of New York Mellon Corp raised its stake in Comstock Resources by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,970 shares of the oil and gas producer’s stock worth $389,000 after buying an additional 10,480 shares during the period. Segantii Capital Management Ltd acquired a new stake in Comstock Resources during the 1st quarter worth $148,000. Finally, SG Americas Securities LLC acquired a new stake in Comstock Resources during the 1st quarter worth $176,000. 53.59% of the stock is currently owned by institutional investors.

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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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