GASTAR EXPL INC/SH (NYSEAMERICAN:GST) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 19,807,471 shares, an increase of 2.7% from the May 15th total of 19,280,394 shares. Based on an average daily volume of 1,190,790 shares, the days-to-cover ratio is presently 16.6 days. Approximately 9.7% of the shares of the company are short sold.

Several equities research analysts have recently issued reports on the company. Williams Capital set a $1.00 target price on GASTAR EXPL INC/SH and gave the company a “hold” rating in a research report on Friday, March 16th. Zacks Investment Research downgraded GASTAR EXPL INC/SH from a “hold” rating to a “sell” rating in a research note on Friday, May 25th. Eurobank EFG upgraded GASTAR EXPL INC/SH from a “hold” rating to a “speculative buy” rating and set a $1.50 price target for the company in a research note on Thursday, February 15th. Finally, UBS Group upgraded GASTAR EXPL INC/SH from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. GASTAR EXPL INC/SH presently has a consensus rating of “Hold” and an average price target of $1.38.

GASTAR EXPL INC/SH opened at $0.60 on Wednesday, MarketBeat Ratings reports. GASTAR EXPL INC/SH has a fifty-two week low of $0.38 and a fifty-two week high of $1.39.

GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last posted its quarterly earnings results on Thursday, May 10th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $20.91 million during the quarter, compared to the consensus estimate of $20.02 million.

Several hedge funds have recently bought and sold shares of the company. Squar Milner Financial Services LLC bought a new position in GASTAR EXPL INC/SH in the 4th quarter worth about $113,000. The Manufacturers Life Insurance Company boosted its stake in GASTAR EXPL INC/SH by 117.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock worth $153,000 after purchasing an additional 78,492 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in GASTAR EXPL INC/SH by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock worth $174,000 after purchasing an additional 134,100 shares during the period. Deutsche Bank AG boosted its stake in GASTAR EXPL INC/SH by 122.1% in the 4th quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock worth $421,000 after purchasing an additional 221,437 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in GASTAR EXPL INC/SH by 37.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock worth $340,000 after purchasing an additional 135,600 shares during the period.

About GASTAR EXPL INC/SH

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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