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Investment analysts at EuroPacific Canada increased their price target on shares of Gastar Exploration (NYSE:GST) from $6.50 to $7.50 in a note issued to investors on Friday, AmericanBankingNews.com reports. EuroPacific Canada’s price target would indicate a potential upside of 20.00% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich initiated coverage on shares of Gastar Exploration in a research note on Friday, May 2nd. They set a “buy” rating and a $9.00 price target on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Gastar Exploration in a research note on Monday, April 28th. They set a “buy” rating and a $8.50 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $8.25.

Gastar Exploration (NYSE:GST) traded up 1.44% during mid-day trading on Friday, hitting $6.34. The stock had a trading volume of 195,851 shares. Gastar Exploration has a 1-year low of $2.17 and a 1-year high of $7.13. The stock has a 50-day moving average of $6.12 and a 200-day moving average of $5.80. The company’s market cap is $392.4 million.

Gastar Exploration (NYSE:GST) last announced its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $32.33 million for the quarter, compared to the consensus estimate of $32.24 million. On average, analysts predict that Gastar Exploration will post $0.29 earnings per share 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.

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