Gastar Exploration (GST) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Gastar Exploration (NYSE:GST) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $35.90 million for the quarter, compared to the consensus estimate of $33.18 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Gastar Exploration from $9.00 to $11.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. On the ratings front, analysts at Eurobank EFG downgraded shares of Gastar Exploration to a “speculative buy” rating in a research note on Friday, July 18th. Finally, analysts at Canaccord Genuity initiated coverage on shares of Gastar Exploration in a research note on Wednesday, July 16th. They set a “buy” rating and a $12.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $10.00.
Gastar Exploration (NYSE:GST) traded down 1.58% during mid-day trading on Thursday, hitting $6.21. The stock had a trading volume of 1,640,624 shares. Gastar Exploration has a 1-year low of $2.60 and a 1-year high of $9.10. The stock’s 50-day moving average is $7.90 and its 200-day moving average is $6.80. The company has a market cap of $383.9 million and a price-to-earnings ratio of 8.76.
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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