Gastar Exploration Inc (GST) Given a $2.00 Price Target at Canaccord Genuity
Gastar Exploration Inc (NYSEMKT:GST) has been given a $2.00 price target by analysts at Canaccord Genuity in a report released on Monday. The firm currently has a a “buy” rating on the energy company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 92.31% from the stock’s current price.
GST has been the topic of several other reports. Zacks Investment Research downgraded Gastar Exploration from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Williams Capital assumed coverage on Gastar Exploration in a research report on Monday, August 29th. They set a “hold” rating and a $1.00 target price on the stock. Imperial Capital reiterated a “buy” rating and set a $1.30 target price on shares of Gastar Exploration in a research report on Tuesday, June 21st. Finally, Iberia Capital reiterated a “sector perform” rating on shares of Gastar Exploration in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Gastar Exploration presently has an average rating of “Hold” and an average target price of $1.71.
Gastar Exploration (NYSEMKT:GST) traded down 5.577% during trading on Monday, reaching $0.982. The company’s stock had a trading volume of 458,703 shares. Gastar Exploration has a 1-year low of $0.57 and a 1-year high of $2.21. The company’s market capitalization is $102.14 million. The company’s 50-day moving average is $0.92 and its 200-day moving average is $1.05.
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Gastar Exploration (NYSEMKT:GST) last posted its earnings results on Thursday, August 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The business earned $12.20 million during the quarter, compared to the consensus estimate of $13.75 million. The business’s revenue was down 44.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) earnings per share. Equities analysts anticipate that Gastar Exploration will post ($0.44) EPS for the current year.
A number of large investors have recently modified their holdings of GST. Integrated Investment Consultants LLC acquired a new stake in shares of Gastar Exploration during the second quarter worth $877,000. Dalton Greiner Hartman Maher & Co. raised its position in shares of Gastar Exploration by 12.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,721,632 shares of the energy company’s stock valued at $1,894,000 after buying an additional 196,667 shares during the last quarter. Northpointe Capital LLC raised its position in shares of Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock valued at $7,158,000 after buying an additional 3,688,703 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Gastar Exploration during the second quarter valued at approximately $141,000. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Gastar Exploration during the second quarter valued at approximately $1,172,000.
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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