Gastar Exploration (GST) Sees Strong Trading Volume
Gastar Exploration Inc (NYSEAMERICAN:GST) shares saw an uptick in trading volume on Thursday . 5,410,281 shares were traded during trading, an increase of 198% from the previous session’s volume of 1,816,510 shares.The stock last traded at $1.05 and had previously closed at $0.83.
A number of brokerages have recently issued reports on GST. Imperial Capital began coverage on shares of Gastar Exploration in a research note on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price target on the stock. ValuEngine upgraded shares of Gastar Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Gastar Exploration from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, KeyCorp restated a “hold” rating on shares of Gastar Exploration in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.54.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $15.30 million for the quarter, compared to the consensus estimate of $20.06 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis.
COPYRIGHT VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/12/02/gastar-exploration-gst-sees-strong-trading-volume.html.
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.
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.