FY2018 Earnings Estimate for Gastar Exploration Issued By Imperial Capital (GST)

Gastar Exploration (NYSEAMERICAN:GST) – Investment analysts at Imperial Capital lowered their FY2018 earnings estimates for shares of Gastar Exploration in a note issued to investors on Monday, May 14th. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings per share of ($0.25) for the year, down from their previous estimate of ($0.23). Imperial Capital currently has a “In-Line” rating and a $1.50 target price on the stock. Imperial Capital also issued estimates for Gastar Exploration’s FY2019 earnings at ($0.26) EPS.

Several other equities analysts have also recently issued reports on GST. Zacks Investment Research raised Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Wednesday, January 17th. Eurobank EFG raised Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price objective on the stock in a research report on Thursday, February 15th. UBS raised Gastar Exploration from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Williams Capital set a $1.00 price objective on Gastar Exploration and gave the company a “hold” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $1.38.

Gastar Exploration opened at $0.72 on Wednesday, MarketBeat Ratings reports. Gastar Exploration has a 12-month low of $0.72 and a 12-month high of $0.77.

Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Thursday, May 10th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $20.91 million during the quarter, compared to analyst estimates of $20.02 million.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GST. Squar Milner Financial Services LLC bought a new position in shares of Gastar Exploration during the 4th quarter valued at $113,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Gastar Exploration by 117.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after buying an additional 78,492 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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 buying an additional 134,100 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Gastar Exploration by 37.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock valued at $340,000 after buying an additional 135,600 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of 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 buying an additional 221,437 shares during the period.

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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