Short Interest in Gastar Exploration Decreases By 22.4% (GST)
Shares of Gastar Exploration (NYSE:GST) were the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,636,428 shares, a decline of 22.4% from the March 31st total of 3,398,477 shares, Analyst Ratings News reports. Approximately 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,340,878 shares, the short-interest ratio is presently 2.0 days.
A number of research firms have recently commented on GST. Analysts at Imperial Capital raised their price target on shares of Gastar Exploration from $6.50 to $8.00 in a research note on Monday, April 7th. They now have an “outperform” rating on the stock. Separately, analysts at MLV & Co
raised their price target on shares of Gastar Exploration from $6.50 to $8.50 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Finally, analysts at SunTrust upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 1st. They now have a $8.00 price target on the stock, up previously from $6.00. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.17.
Gastar Exploration (NYSE:GST) opened at 6.28 on Monday. Gastar Exploration has a 1-year low of $2.17 and a 1-year high of $7.13. The stock’s 50-day moving average is $5.99 and its 200-day moving average is $5.67. The company’s market cap is $388.7 million.
Gastar Exploration (NYSE:GST) last announced its earnings results on Thursday, March 13th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.05. The company had revenue of $26.74 million for the quarter, compared to the consensus estimate of $26.91 million. Analysts expect that Gastar Exploration will post $0.30 EPS for the current fiscal year.
Gastar Exploration Ltd (NYSE:GST) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.