Gastar Exploration Price Target Raised to $11.00 at Wunderlich (GST)
Wunderlich hoisted their price target on shares of Gastar Exploration (NYSE:GST) from $9.00 to $11.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would indicate a potential upside of 43.60% from the stock’s previous close.
Shares of Gastar Exploration (NYSE:GST) opened at 7.66 on Tuesday. Gastar Exploration has a 1-year low of $2.42 and a 1-year high of $7.92. 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 $473.5 million and a P/E ratio of 10.17.
Gastar Exploration (NYSE:GST) last posted its quarterly earnings results 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. On average, analysts predict that Gastar Exploration will post $0.25 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Gastar Exploration currently has an average rating of “Buy” and a consensus target price of $8.50.
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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