Gastar Exploration (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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 equities research analysts also recently issued reports about the company. UBS raised Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Eurobank EFG raised Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price objective on the stock in a report on Thursday, February 15th. Imperial Capital lifted their price objective on Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a report on Friday, January 26th. Finally, Williams Capital set a $1.00 price objective on Gastar Exploration and gave the company a “hold” rating in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $1.38.

GST stock traded down $0.01 during trading on Friday, reaching $0.66. 1,437,000 shares of the stock were exchanged, compared to its average volume of 1,156,247. Gastar Exploration has a twelve month low of $0.38 and a twelve month high of $1.39.

Gastar Exploration (NYSEAMERICAN:GST) last released its earnings results on Thursday, May 10th. The energy company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $20.91 million during the quarter, compared to analyst estimates of $20.02 million.

Several large investors have recently bought and sold shares of GST. Deprince Race & Zollo Inc. raised its stake in shares of Gastar Exploration by 24.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after acquiring an additional 180,272 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Gastar Exploration by 117.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after acquiring an additional 78,492 shares during the last quarter. Squar Milner Financial Services LLC bought a new position in shares of Gastar Exploration in the fourth quarter valued at approximately $113,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Gastar Exploration by 424.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after acquiring an additional 134,100 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Gastar Exploration by 1.6% in the fourth quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock valued at $12,647,000 after acquiring an additional 187,454 shares during the last quarter.

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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Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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