<div id="readability-page-1"><p>Comstock Resources, Inc. (NYSE:CRK - Get Free Report)'s share price was up 4% during mid-day trading on Tuesday . The company traded as high as $22.69 and last traded at $22.69. Approximately 75,111 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,580,754 shares. The stock had previously closed at $21.81.</p><div><p><span></span><span>Get <strong>Comstock Resources</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>Top 4 Large-Cap Stocks With Major Short Interest</li></ul><p>A number of research firms have commented on CRK. Weiss Ratings  reaffirmed a &#34;hold (c-)&#34; rating on shares of Comstock Resources in a research report on Monday, December 15th. Piper Sandler reduced their price target on Comstock Resources from $9.00 to $8.00 and set an &#34;underweight&#34; rating on the stock in a research note on Tuesday, November 18th. Mizuho raised their price objective on Comstock Resources from $21.00 to $29.00 and gave the company a &#34;neutral&#34; rating in a research report on Friday, December 12th. Zacks Research upgraded shares of Comstock Resources from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Wednesday, November 12th. Finally, UBS Group  reiterated a &#34;sell&#34; rating and issued a $18.00 price target (up from $16.00) on shares of Comstock Resources in a research note on Friday, December 12th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued  a Sell rating to the stock. Based on data from MarketBeat, Comstock Resources presently has a consensus rating of &#34;Reduce&#34; and an average price target of $20.60.</p><p><b>View Our Latest Research Report on CRK</b></p><h2>Comstock Resources Stock Up 4.0%</h2><p>The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $6.65 billion, a PE ratio of 90.68 and a beta of 0.33. The company's 50-day moving average price is $22.20 and its 200 day moving average price is $21.04. </p><p>Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. Comstock Resources had a return on equity of 6.71% and a net margin of 3.14%.The firm had revenue of $449.85 million during the quarter, compared to analyst estimates of $433.54 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The business's quarterly revenue was up 47.8% compared to the same quarter last year.  As a group, analysts forecast that  Comstock Resources, Inc. will post 0.54 EPS for the current fiscal year. </p><h2>Hedge Funds Weigh In On Comstock Resources</h2><p>Hedge funds have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in  Comstock Resources in the 2nd quarter valued at about $29,000.  Atlantic Union Bankshares Corp acquired a new position in shares of  Comstock Resources in the second quarter valued at about $34,000.  Advisory Services Network LLC purchased a new position in shares of  Comstock Resources in the third quarter worth about $27,000.  Jones Financial Companies Lllp raised its stake in shares of  Comstock Resources by 671.2% in the third quarter. Jones Financial Companies Lllp now owns 1,581 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 1,376 shares during the last quarter.  Finally, iSAM Funds UK Ltd acquired a new stake in shares of  Comstock Resources during the third quarter worth about $38,000. 36.13% of the stock is currently owned by institutional investors. </p><h2>Comstock Resources Company Profile</h2> (Get Free Report)<p>Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.  </p><p>Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Comstock Resources</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Elon Warns “America Is Broke”. Trump’s Plan Inside.</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Comstock Resources Right Now?</h2><p>Before you consider Comstock Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comstock Resources wasn't on the list.</p><p>While Comstock Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Comstock Resources (NYSE:CRK) shares rose 4% during mid-day trading, reaching $22.69. Despite the increase, trading volume was down 97% from the average. Analysts have mixed ratings, with a consensus of "Reduce" and an average price target of $20.60. The company reported better-than-expected earnings and increased revenue. Hedge funds have adjusted their stakes, and 36.13% of the stock is owned by institutional investors.</p>

Comstock Resources (NYSE:CRK) Trading 4% Higher - Still a Buy?