Gastar Exploration Inc (GST) Upgraded 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. “
GST has been the subject of several other research reports. Iberia Capital reissued a sector perform rating on shares of Gastar Exploration in a research report on Wednesday, August 10th. Imperial Capital reissued a buy rating and set a $1.30 price objective on shares of Gastar Exploration in a research report on Tuesday, June 21st. Finally, Williams Capital assumed coverage on Gastar Exploration in a research report on Monday, August 29th. They set a hold rating and a $1.00 price objective for the company. One research analyst has rated the stock with a sell rating, five 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 price target of $1.71.
Shares of Gastar Exploration (NYSEMKT:GST) opened at 1.15 on Tuesday. The company’s market cap is $119.61 million. Gastar Exploration has a 1-year low of $0.57 and a 1-year high of $2.21. The stock has a 50 day moving average of $0.94 and a 200 day moving average of $1.05.
Gastar Exploration (NYSEMKT:GST) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.01. The company earned $12.20 million during the quarter, compared to the consensus estimate of $13.75 million. During the same period last year, the firm earned ($0.13) earnings per share. The firm’s revenue for the quarter was down 44.3% compared to the same quarter last year. On average, equities analysts forecast that Gastar Exploration will post ($0.44) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Northpointe Capital LLC increased its stake 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 valued at $7,158,000 after buying an additional 3,688,703 shares during the last quarter. Vanguard Group Inc. increased 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 valued at $3,267,000 after buying an additional 141,706 shares during the last quarter. GLG Partners LP acquired a new stake in Gastar Exploration during the second quarter valued at approximately $2,992,000. EAM Investors LLC acquired a new stake in Gastar Exploration during the second quarter valued at approximately $2,037,000. Finally, Dalton Greiner Hartman Maher & Co. increased its stake 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 valued at $1,894,000 after buying an additional 196,667 shares during the last quarter.
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.
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