Gastar Exploration Inc (GST) Given a $2.00 Price Target at Canaccord Genuity
Several other equities analysts have also recently issued reports on the company. Williams Capital started coverage on Gastar Exploration in a research report on Monday, August 29th. They set a hold rating and a $1.00 target price on the stock. Zacks Investment Research upgraded Gastar Exploration from a sell rating to a hold rating in a research report on Tuesday. Imperial Capital reiterated a buy rating and set a $1.30 target price on shares of Gastar Exploration in a research report on Tuesday, June 21st. Finally, Iberia Capital reiterated a sector perform rating on shares of Gastar Exploration in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Gastar Exploration currently has a consensus rating of Hold and an average price target of $1.71.
Gastar Exploration (NYSEMKT:GST) opened at 1.15 on Monday. The company’s 50-day moving average price is $0.94 and its 200-day moving average price is $1.05. Gastar Exploration has a 12 month low of $0.57 and a 12 month high of $2.21. The stock’s market cap is $119.61 million.
Gastar Exploration (NYSEMKT:GST) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The business earned $12.20 million during the quarter, compared to analysts’ expectations of $13.75 million. The firm’s revenue was down 44.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) earnings per share. Equities analysts forecast that Gastar Exploration will post ($0.44) earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Oxford Asset Management raised its stake in Gastar Exploration by 77.7% in the second quarter. Oxford Asset Management now owns 149,234 shares of the energy company’s stock worth $164,000 after buying an additional 65,237 shares during the last quarter. Spark Investment Management LLC bought a new stake in Gastar Exploration during the second quarter worth about $103,000. Bridgeway Capital Management Inc. raised its stake in Gastar Exploration by 31.8% in the second quarter. Bridgeway Capital Management Inc. now owns 414,078 shares of the energy company’s stock worth $455,000 after buying an additional 100,000 shares during the last quarter. LMR Partners LLP bought a new stake in Gastar Exploration during the second quarter worth about $141,000. Finally, Vanguard Group Inc. raised its stake in Gastar Exploration by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,970,562 shares of the energy company’s stock worth $3,267,000 after buying an additional 141,706 shares during the last quarter.
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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