Shares of Gastar Exploration (NYSEAMERICAN:GST) have earned an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $1.56.

Several research firms recently issued reports on GST. Zacks Investment Research downgraded shares of Gastar Exploration from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. UBS raised shares of Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Eurobank EFG raised shares of Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price objective for the company in a report on Thursday, February 15th. Imperial Capital upped their price objective on shares of Gastar Exploration from $1.00 to $1.50 and gave the stock an “in-line” rating in a report on Friday, January 26th. Finally, Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th.

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in Gastar Exploration by 117.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after purchasing an additional 78,492 shares during the period. Geode Capital Management LLC boosted its holdings in Gastar Exploration by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock valued at $1,528,000 after purchasing an additional 88,528 shares during the period. Squar Milner Financial Services LLC bought a new stake in Gastar Exploration in the 4th quarter valued at $113,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Gastar Exploration by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after purchasing an additional 134,100 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after purchasing an additional 180,272 shares during the period.

Shares of GST traded up $0.02 during mid-day trading on Friday, hitting $0.73. 1,104,953 shares of the company’s stock were exchanged, compared to its average volume of 1,151,522. Gastar Exploration has a twelve month low of $0.38 and a twelve month high of $1.55.

Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings results on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). The business had revenue of $15.48 million for the quarter, compared to analyst estimates of $22.65 million.

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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.

Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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