The Manufacturers Life Insurance Company lifted its stake in shares of Gastar Exploration Inc (NYSEAMERICAN:GST) by 117.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,157 shares of the energy company’s stock after purchasing an additional 78,492 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Gastar Exploration worth $153,000 at the end of the most recent quarter.
Separately, Deprince Race & Zollo Inc. boosted its position in shares of Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock worth $967,000 after buying an additional 180,272 shares in the last quarter.
GST stock opened at $0.73 on Friday. Gastar Exploration Inc has a one year low of $0.38 and a one year high of $1.66. The company has a market cap of $151.07, a PE ratio of -3.38 and a beta of 3.67.
Gastar Exploration (NYSEAMERICAN:GST) last posted its quarterly earnings data on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The company had revenue of $15.48 million for the quarter, compared to analyst estimates of $22.65 million.
A number of research analysts have issued reports on GST shares. Williams Capital set a $1.00 target price on shares of Gastar Exploration and gave the company a “hold” rating in a report on Friday, March 16th. UBS upgraded shares of Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Eurobank EFG upgraded shares of Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 target price on the stock in a report on Thursday, February 15th. Imperial Capital upped their target price on shares of Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a report on Friday, January 26th. Finally, Zacks Investment Research lowered shares of Gastar Exploration from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. 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 stock. Gastar Exploration presently has a consensus rating of “Hold” and an average target price of $1.79.
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Gastar Exploration 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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