According to Zacks, “Gastar Exploration Ltd is an exploration and production company focusing on developing primarily natural gas. Gastar Exploration Ltd is based in Houston, Texas. “
Other equities analysts have also issued research reports about the company. Williams Capital assumed coverage on Gastar Exploration in a research note on Monday, August 29th. They issued a hold rating and a $1.00 target price on the stock. Imperial Capital reiterated a buy rating and issued a $1.30 target price on shares of Gastar Exploration in a research note on Tuesday, June 21st. Finally, Iberia Capital reiterated a sector perform rating on shares of Gastar Exploration in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $1.65.
Shares of Gastar Exploration (NYSEMKT:GST) opened at 0.8674 on Wednesday. The stock’s 50 day moving average is $0.92 and its 200 day moving average is $1.06. The stock’s market cap is $90.22 million. Gastar Exploration has a 52-week low of $0.57 and a 52-week high of $2.21.
Gastar Exploration (NYSEMKT:GST) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.01. The firm earned $12.20 million during the quarter, compared to analysts’ expectations of $13.75 million. The company’s revenue for the quarter was down 44.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. On average, equities analysts predict that Gastar Exploration will post ($0.44) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management increased its position in shares of Gastar Exploration by 77.7% in the second quarter. Oxford Asset Management now owns 149,234 shares of the energy company’s stock worth $164,000 after buying an additional 65,237 shares during the last quarter. EAM Investors LLC acquired a new stake in Gastar Exploration during the second quarter worth approximately $2,037,000. Penn Capital Management Co. Inc. acquired a new stake in Gastar Exploration during the second quarter worth approximately $608,000. UBS Oconnor LLC acquired a new stake in Gastar Exploration during the second quarter worth approximately $787,000. Finally, Alpine Partners VI LLC acquired a new stake in Gastar Exploration during the second quarter worth approximately $189,000.
About Gastar Exploration
Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. The Company’s principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on unconventional reserves, such as shale resource plays.
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