Gastar Exploration Inc (NYSEMKT:GST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
A number of other research firms also recently weighed in on GST. Imperial Capital reissued a “buy” rating and set a $1.30 price target on shares of Gastar Exploration in a research report on Tuesday, June 21st. Williams Capital assumed coverage on shares of Gastar Exploration in a research report on Monday, August 29th. They set a “hold” rating and a $1.00 price target for the company. Finally, Iberia Capital reissued a “sector perform” rating on shares of Gastar Exploration in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.71.
Shares of Gastar Exploration (NYSEMKT:GST) opened at 1.08 on Tuesday. The stock’s 50 day moving average is $0.93 and its 200 day moving average is $1.05. The stock’s market cap is $112.33 million. Gastar Exploration has a 12 month low of $0.57 and a 12 month high of $2.21.
Gastar Exploration (NYSEMKT:GST) last released its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $12.20 million for the quarter, compared to analyst estimates of $13.75 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The company’s quarterly revenue was down 44.3% on a year-over-year basis. Analysts predict that Gastar Exploration will post ($0.44) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Northpointe Capital LLC boosted its stake in Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock worth $7,158,000 after buying an additional 3,688,703 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gastar Exploration by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,970,562 shares of the energy company’s stock worth $3,267,000 after buying an additional 141,706 shares during the last quarter. GLG Partners LP bought a new stake in Gastar Exploration during the second quarter worth about $2,992,000. EAM Investors LLC bought a new stake in Gastar Exploration during the second quarter worth about $2,037,000. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in Gastar Exploration by 12.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,721,632 shares of the energy company’s stock worth $1,894,000 after buying an additional 196,667 shares during the last quarter.
Gastar Exploration Company Profile
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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