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Shares of Gastar Exploration (NYSE:GST) were the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,283,133 shares, a drop of 7.5% from the July 15th total of 6,788,945 shares, Analyst Ratings Network reports. Approximately 10.9% of the shares of the company are short sold. Based on an average daily volume of 919,989 shares, the days-to-cover ratio is currently 6.8 days.

GST has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Gastar Exploration from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $7.80 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Gastar Exploration from $11.00 to $12.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.88.

Gastar Exploration (NYSE:GST) opened at 7.76 on Tuesday. Gastar Exploration has a 52 week low of $2.60 and a 52 week high of $9.10. The stock’s 50-day moving average is $7.84 and its 200-day moving average is $6.82. The company has a market cap of $479.7 million and a price-to-earnings ratio of 10.33.

Gastar Exploration (NYSE:GST) last released its earnings data on Thursday, August 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. 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 prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Analysts expect that Gastar Exploration will post $0.21 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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