Gastar Exploration Inc (GST) Upgraded to “Hold” at Zacks Investment Research
Gastar Exploration Inc (NYSEMKT:GST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Gastar Exploration Ltd is an exploration and production company focusing on developing primarily natural gas. Gastar Exploration Ltd is based in Houston, Texas. “
Other analysts also recently issued reports about the stock. Williams Capital initiated coverage on shares of Gastar Exploration in a report on Monday, August 29th. They issued a “hold” rating and a $1.00 price objective on the stock. Imperial Capital reaffirmed a “buy” rating and issued a $1.30 price objective on shares of Gastar Exploration in a report on Tuesday, June 21st. Finally, Iberia Capital reaffirmed a “sector perform” rating on shares of Gastar Exploration in a report on Wednesday, August 10th. One equities 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $1.65.
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Gastar Exploration (NYSEMKT:GST) opened at 1.04 on Tuesday. The company’s 50-day moving average is $0.92 and its 200 day moving average is $1.05. Gastar Exploration has a 1-year low of $0.57 and a 1-year high of $2.21. The stock’s market capitalization is $108.17 million.
Gastar Exploration (NYSEMKT:GST) last released its earnings results on Thursday, August 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.01. The business had revenue of $12.20 million for the quarter, compared to the consensus estimate of $13.75 million. The company’s revenue was down 44.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Equities analysts predict that Gastar Exploration will post ($0.44) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Northpointe Capital LLC boosted its position in Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock worth $7,158,000 after buying an additional 3,688,703 shares in the last quarter. GLG Partners LP bought a new position in Gastar Exploration during the second quarter worth $2,992,000. EAM Investors LLC bought a new position in Gastar Exploration during the second quarter worth $2,037,000. Oasis Management Co Ltd. bought a new position in Gastar Exploration during the second quarter worth $1,356,000. Finally, Emerald Acquisition Ltd. bought a new position in Gastar Exploration during the second quarter worth $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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