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Gastar Exploration (NYSE:GST) reached a new 52-week high on Tuesday after Wunderlich raised their price target on the stock from $9.00 to $11.00, reports. Wunderlich currently has a buy rating on the stock. Gastar Exploration traded as high as $7.94 and last traded at $7.76, with a volume of 620,749 shares changing hands. The stock had previously closed at $7.66.

GST has been the subject of a number of other recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Gastar Exploration in a research note on Wednesday, May 21st. They now have a $8.00 price target on the stock, up previously from $7.25. Separately, analysts at EuroPacific Canada raised their price target on shares of Gastar Exploration from $6.50 to $7.50 in a research note on Friday, May 9th. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Gastar Exploration currently has an average rating of “Buy” and a consensus price target of $8.50.

The stock has a 50-day moving average of $6.86 and a 200-day moving average of $6.25. The company has a market cap of $479.1 million and a price-to-earnings ratio of 10.64.

Gastar Exploration (NYSE:GST) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Gastar Exploration will post $0.25 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.

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