Share on StockTwits

Shares of Gastar Exploration (NYSE:GST) were the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 6,667,449 shares, a growth of 111.0% from the June 13th total of 3,160,354 shares, Analyst Ratings reports. Based on an average daily trading volume, of 2,466,368 shares, the short-interest ratio is presently 2.7 days. Approximately 11.6% of the company’s shares are sold short.

A number of analysts have recently weighed in on GST shares. Analysts at Imperial Capital raised their price target on shares of Gastar Exploration from $8.00 to $12.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Gastar Exploration in a research note on Friday, June 20th. They set a “buy” rating and a $12.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Gastar Exploration from $9.00 to $11.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $9.44.

Shares of Gastar Exploration (NYSE:GST) traded down 3.20% during mid-day trading on Thursday, hitting $8.18. 1,001,900 shares of the company’s stock traded hands. Gastar Exploration has a 1-year low of $2.60 and a 1-year high of $9.10. The stock has a 50-day moving average of $7.93 and a 200-day moving average of $6.66. The company has a market cap of $505.7 million and a price-to-earnings ratio of 11.74.

Gastar Exploration (NYSE:GST) last released its earnings data 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. Analysts expect that Gastar Exploration will post $0.24 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.