Gastar Exploration (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.
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 analysts have also commented on GST. Imperial Capital assumed coverage on shares of Gastar Exploration in a research note on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price target for the company. ValuEngine upgraded shares of Gastar Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. Finally, Seaport Global Securities upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1.82.
Shares of Gastar Exploration (GST) traded up $0.02 during mid-day trading on Friday, reaching $1.33. 839,582 shares of the company’s stock were exchanged, compared to its average volume of 1,657,989. The company has a market cap of $282.43, a price-to-earnings ratio of -5.54 and a beta of 3.48. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.19.
Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million for the quarter, compared to analyst estimates of $20.06 million. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS.
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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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