Gastar Exploration Inc (NYSEMKT:GST) was downgraded by equities research analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research note issued on Wednesday.

A number of other equities analysts have also recently issued reports on GST. Zacks Investment Research upgraded Gastar Exploration from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Thursday, February 23rd. Canaccord Genuity set a $2.50 price objective on Gastar Exploration and gave the stock a “buy” rating in a report on Saturday, March 11th. EuroPacific Canada reiterated a “buy” rating and issued a $2.25 price objective on shares of Gastar Exploration in a report on Sunday, April 23rd. FBR & Co reiterated a “market perform” rating and issued a $1.50 price objective on shares of Gastar Exploration in a report on Friday, March 10th. Finally, ValuEngine cut Gastar Exploration from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.14.

Analyst Recommendations for Gastar Exploration (NYSEMKT:GST)

Shares of Gastar Exploration (NYSEMKT GST) opened at 0.87 on Wednesday. The stock’s 50 day moving average price is $1.13 and its 200-day moving average price is $1.45. Gastar Exploration has a 52 week low of $0.80 and a 52 week high of $2.19. The firm’s market capitalization is $141.66 million.

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A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Gastar Exploration during the fourth quarter valued at $1,516,000. Renaissance Technologies LLC boosted its stake in shares of Gastar Exploration by 532.7% in the fourth quarter. Renaissance Technologies LLC now owns 632,554 shares of the energy company’s stock valued at $980,000 after buying an additional 532,580 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in shares of Gastar Exploration during the fourth quarter valued at $144,000.

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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