Gastar Exploration Inc (GST) Cut to Sell at Zacks Investment Research
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. “
Several other equities research analysts have also issued reports on GST. Williams Capital assumed coverage on Gastar Exploration in a research note on Monday, August 29th. They set a hold rating and a $1.00 price objective for the company. Iberia Capital reaffirmed a sector perform rating on shares of Gastar Exploration in a research note on Wednesday, August 10th. Finally, Imperial Capital reaffirmed a buy rating and set a $1.30 price target on shares of Gastar Exploration in a research note on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $1.65.
Shares of Gastar Exploration (NYSEMKT:GST) opened at 0.8448 on Wednesday. Gastar Exploration has a 12 month low of $0.57 and a 12 month high of $2.21. The company’s market cap is $87.87 million. The company’s 50 day moving average price is $0.92 and its 200 day moving average price is $1.06.
Gastar Exploration (NYSEMKT:GST) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The company earned $12.20 million during the quarter, compared to the consensus estimate of $13.75 million. The business’s revenue for the quarter was down 44.3% compared to the same quarter last year. During the same period last year, the company earned ($0.13) earnings per share. On average, equities analysts expect that Gastar Exploration will post ($0.44) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC acquired a new position in shares of Gastar Exploration during the second quarter worth about $877,000. Dalton Greiner Hartman Maher & Co. increased its position in Gastar Exploration by 12.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,721,632 shares of the energy company’s stock worth $1,894,000 after buying an additional 196,667 shares during the period. Northpointe Capital LLC increased its position in Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock worth $7,158,000 after buying an additional 3,688,703 shares during the period. LMR Partners LLP purchased a new position in Gastar Exploration during the second quarter worth $141,000. Finally, Emerald Acquisition Ltd. purchased a new position in Gastar Exploration during the second quarter worth $1,172,000.
About Gastar Exploration
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gastar Exploration Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gastar Exploration Inc and related companies with MarketBeat.com's FREE daily email newsletter.