Williams Capital set a $1.00 price target on Gastar Exploration Inc (NYSE:GST) in a research report sent to investors on Friday. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. Seaport Global Securities lowered shares of Gastar Exploration from a buy rating to a neutral rating and reduced their target price for the company from $3.00 to $1.00 in a report on Wednesday, June 21st. Zacks Investment Research lowered shares of Gastar Exploration from a hold rating to a strong sell rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Gastar Exploration presently has an average rating of Hold and an average target price of $1.50.

Shares of Gastar Exploration (NYSE:GST) traded down 32.4982% during midday trading on Friday, hitting $0.5631. 24,584,809 shares of the company’s stock were exchanged. The firm’s market cap is $91.69 million. Gastar Exploration has a one year low of $0.38 and a one year high of $2.19. The stock’s 50-day moving average price is $0.92 and its 200 day moving average price is $1.33.

Gastar Exploration (NYSE:GST) last released its earnings results on Thursday, August 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. The business had revenue of $22.60 million for the quarter, compared to the consensus estimate of $18.78 million. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. Equities research analysts forecast that Gastar Exploration will post ($0.15) EPS for the current year.

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In related news, Director Ares Management Llc acquired 514,227 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of $1.23 per share, for a total transaction of $632,499.21. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Gastar Exploration by 124.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 540,300 shares of the company’s stock valued at $501,000 after buying an additional 300,000 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Gastar Exploration during the second quarter valued at $163,000. Bank of New York Mellon Corp raised its position in shares of Gastar Exploration by 439.9% in the second quarter. Bank of New York Mellon Corp now owns 599,986 shares of the company’s stock valued at $555,000 after buying an additional 488,849 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of Gastar Exploration by 9.2% in the second quarter. Deprince Race & Zollo Inc. now owns 1,011,084 shares of the company’s stock valued at $936,000 after buying an additional 85,100 shares during the last quarter.

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