Gastar Exploration Inc (NYSE:GST)’s share price was down 4.5% on Tuesday . The stock traded as low as $0.56 and last traded at $0.57. Approximately 1,106,606 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,409,280 shares. The stock had previously closed at $0.60.

Several equities analysts have recently weighed in on GST shares. Williams Capital set a $2.00 target price on shares of Gastar Exploration and gave the stock a “hold” rating in a research note on Thursday, May 11th. Seaport Global Securities downgraded shares of Gastar Exploration from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.00 to $1.00 in a research note on Wednesday, June 21st. Finally, Zacks Investment Research downgraded shares of Gastar Exploration from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Gastar Exploration currently has an average rating of “Hold” and a consensus price target of $1.50.

The firm’s market capitalization is $114.66 million. The firm has a 50-day moving average of $0.72 and a 200-day moving average of $1.14.

Gastar Exploration (NYSE:GST) last posted its earnings results on Thursday, August 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $18.78 million. The business’s revenue was up 85.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) EPS. Analysts expect that Gastar Exploration Inc will post ($0.17) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC boosted its position in shares of Gastar Exploration by 7.8% during the 2nd quarter. Verition Fund Management LLC now owns 250,000 shares of the company’s stock valued at $232,000 after acquiring an additional 18,107 shares during the last quarter. California State Teachers Retirement System bought a new position in shares of Gastar Exploration during the 2nd quarter valued at approximately $286,000. State Street Corp boosted its position in shares of Gastar Exploration by 1,952.7% during the 2nd quarter. State Street Corp now owns 2,327,220 shares of the company’s stock valued at $2,154,000 after acquiring an additional 2,213,844 shares during the last quarter. Ares Management LLC boosted its position in shares of Gastar Exploration by 92.8% during the 2nd quarter. Ares Management LLC now owns 56,712,088 shares of the company’s stock valued at $52,515,000 after acquiring an additional 27,303,783 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Gastar Exploration by 1.9% during the 2nd quarter. California Public Employees Retirement System now owns 2,653,900 shares of the company’s stock valued at $2,458,000 after acquiring an additional 48,500 shares during the last quarter.

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Gastar Exploration Company Profile

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.

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