Gastar Exploration (GST) Forecasted to Post Q1 2018 Earnings of ($0.04) Per Share

Gastar Exploration (NYSEAMERICAN:GST) – Seaport Global Securities lowered their Q1 2018 earnings per share estimates for Gastar Exploration in a research note issued on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now expects that the energy company will earn ($0.04) per share for the quarter, down from their previous estimate of ($0.03). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Gastar Exploration’s Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.16) EPS.

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Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Thursday, March 15th. The energy company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $15.48 million for the quarter, compared to analysts’ expectations of $22.65 million.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a report on Wednesday, January 17th. Eurobank EFG upgraded Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 target price for the company in a report on Thursday, February 15th. UBS upgraded Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Imperial Capital lifted their target price on Gastar Exploration from $1.00 to $1.50 and gave the stock an “in-line” rating in a report on Friday, January 26th. Finally, Williams Capital set a $1.00 target price on Gastar Exploration and gave the stock a “hold” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $1.55.

NYSEAMERICAN GST opened at $0.62 on Thursday. Gastar Exploration has a 1-year low of $0.38 and a 1-year high of $1.66.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Gastar Exploration by 1.6% during the 4th quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock valued at $12,647,000 after acquiring an additional 187,454 shares during the period. Geode Capital Management LLC boosted its holdings in Gastar Exploration by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock valued at $1,528,000 after acquiring an additional 88,528 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Gastar Exploration by 24.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after acquiring an additional 180,272 shares during the period. Deutsche Bank AG boosted its holdings in Gastar Exploration by 122.1% during the 4th quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock valued at $421,000 after acquiring an additional 221,437 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Gastar Exploration by 424.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after acquiring an additional 134,100 shares during the period.

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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.

Earnings History and Estimates for Gastar Exploration (NYSEAMERICAN:GST)

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