Shares of Gastar Exploration (NYSEAMERICAN:GST) have been assigned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1.56.
A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Gastar Exploration from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Williams Capital set a $1.00 price target on shares of Gastar Exploration and gave the stock a “hold” rating in a research note on Friday, March 16th. Seaport Global Securities upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Imperial Capital boosted their target price on shares of Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a research report on Friday, January 26th. Finally, Eurobank EFG upgraded shares of Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 target price for the company in a research report on Thursday, February 15th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Squar Milner Financial Services LLC purchased a new position in Gastar Exploration during the fourth quarter valued at approximately $113,000. The Manufacturers Life Insurance Company lifted its holdings in Gastar Exploration by 117.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after purchasing an additional 78,492 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Gastar Exploration by 424.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after purchasing an additional 134,100 shares in the last quarter. Deutsche Bank AG lifted its holdings in Gastar Exploration by 122.1% during the fourth quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock valued at $421,000 after purchasing an additional 221,437 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in Gastar Exploration by 24.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after purchasing an additional 180,272 shares in the last quarter.
Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings results on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $15.48 million during the quarter, compared to the consensus estimate of $22.65 million.
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About Gastar Exploration
Gastar Exploration Inc, an independent energy company, engages in the exploration, development and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.
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