Gastar Exploration (NYSEAMERICAN:GST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $1.50 price target on the energy company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.78% from the stock’s current price.

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. “

Other analysts also recently issued reports about the company. Seaport Global Securities upgraded Gastar Exploration from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a research report on Monday, November 13th. ValuEngine downgraded Gastar Exploration from a “sell” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Imperial Capital reiterated an “in-line” rating on shares of Gastar Exploration in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Gastar Exploration currently has a consensus rating of “Hold” and a consensus price target of $1.82.

Gastar Exploration (GST) traded up $0.02 on Wednesday, reaching $1.33. The company had a trading volume of 839,582 shares, compared to its average volume of 1,650,000. The company has a market cap of $286.81, a P/E ratio of -5.54 and a beta of 3.48. Gastar Exploration has a twelve month low of $0.38 and a twelve month high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The company had revenue of $15.30 million during the quarter, compared to analyst estimates of $20.06 million. Gastar Exploration’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS.

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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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