Gastar Exploration Short Interest Up 11.6% in August (GST)
Shares of Gastar Exploration (NYSE:GST) were the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 7,012,038 shares, a growth of 11.6% from the July 31st total of 6,283,133 shares, Analyst Ratings.Net reports. Based on an average trading volume of 1,163,348 shares, the short-interest ratio is currently 6.0 days. Approximately 12.2% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Gastar Exploration from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. 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, August 11th. 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.88.
Gastar Exploration (NYSE:GST) traded up 0.93% on Tuesday, hitting $7.62. The stock had a trading volume of 827,716 shares. Gastar Exploration has a 52-week low of $2.96 and a 52-week high of $9.10. The stock has a 50-day moving average of $7.48 and a 200-day moving average of $6.94. The company’s market cap is $470.8 million.
Gastar Exploration (NYSE:GST) last issued its quarterly 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. On average, analysts predict 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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