Gastar Exploration (GST) Upgraded by Seaport Global Securities to “Buy”

Gastar Exploration (NYSEAMERICAN:GST) was upgraded by research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, December 19th, MarketBeat.com reports. Seaport Global Securities also issued estimates for Gastar Exploration’s Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.19) EPS, Q1 2018 earnings at ($0.02) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.06) EPS.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Gastar Exploration from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. ValuEngine lowered Gastar Exploration from a “sell” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Imperial Capital reiterated an “in-line” rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1.82.

Gastar Exploration (NYSEAMERICAN:GST) traded up $0.02 on Tuesday, reaching $1.33. The company’s stock had a trading volume of 839,582 shares, compared to its average volume of 1,657,989. The stock has a market cap of $282.43, a P/E ratio of -5.54 and a beta of 3.48. Gastar Exploration has a one year low of $0.38 and a one year high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $20.06 million. Gastar Exploration’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share.

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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.

Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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