Gastar Exploration Inc (NYSEMKT:GST) Given Consensus Rating of “Hold” by Brokerages
Gastar Exploration Inc (NYSEMKT:GST) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1.80.
A number of brokerages recently weighed in on GST. Williams Capital began coverage on shares of Gastar Exploration in a research report on Monday, August 29th. They issued a “hold” rating and a $1.00 price target for the company. Iberia Capital reissued a “sector perform” rating on shares of Gastar Exploration in a research report on Wednesday, August 10th. Zacks Investment Research cut shares of Gastar Exploration from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Imperial Capital reissued a “buy” rating and issued a $1.30 price target on shares of Gastar Exploration in a research report on Tuesday, June 21st.
Several hedge funds and other institutional investors have recently modified their holdings of GST. Oxford Asset Management raised its position in shares of Gastar Exploration by 77.7% in the second quarter. Oxford Asset Management now owns 149,234 shares of the energy company’s stock valued at $164,000 after buying an additional 65,237 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of Gastar Exploration during the second quarter valued at $103,000. Bridgeway Capital Management Inc. raised its position in shares of Gastar Exploration by 31.8% in the second quarter. Bridgeway Capital Management Inc. now owns 414,078 shares of the energy company’s stock valued at $455,000 after buying an additional 100,000 shares during the last quarter. LMR Partners LLP bought a new position in shares of Gastar Exploration during the second quarter valued at $141,000. Finally, Vanguard Group Inc. raised its position in shares of Gastar Exploration by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,970,562 shares of the energy company’s stock valued at $3,267,000 after buying an additional 141,706 shares during the last quarter.
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Shares of Gastar Exploration (NYSEMKT:GST) traded down 2.1956% during midday trading on Wednesday, reaching $0.8731. The company’s stock had a trading volume of 489,459 shares. The stock’s market capitalization is $90.81 million. The company has a 50 day moving average of $0.93 and a 200-day moving average of $1.07. Gastar Exploration has a 52 week low of $0.57 and a 52 week high of $2.21.
Gastar Exploration (NYSEMKT:GST) last released its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $12.20 million for the quarter, compared to analyst estimates of $13.75 million. The company’s revenue was down 44.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. Equities research analysts predict that Gastar Exploration will post ($0.44) earnings per share for the current year.
About Gastar Exploration
Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. The Company’s principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on unconventional reserves, such as shale resource plays.
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