Gastar Exploration Inc (NYSEMKT:GST) Given Consensus Rating of “Hold” by Brokerages
Gastar Exploration Inc (NYSEMKT:GST) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.00.
Several equities analysts recently commented on GST shares. Zacks Investment Research cut shares of Gastar Exploration from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. EuroPacific Canada reiterated a “buy” rating and set a $2.25 target price on shares of Gastar Exploration in a research note on Sunday, April 23rd. Seaport Global Securities reiterated a “buy” rating and set a $3.00 target price on shares of Gastar Exploration in a research note on Friday, March 31st. Finally, ValuEngine cut shares of Gastar Exploration from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Gastar Exploration during the fourth quarter valued at $1,516,000. Renaissance Technologies LLC raised its stake in 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 during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Gastar Exploration during the fourth quarter valued at $144,000.
Shares of Gastar Exploration (NYSEMKT:GST) traded down 2.897% on Monday, reaching $0.915. 629,337 shares of the company’s stock traded hands. The firm’s market capitalization is $148.99 million. Gastar Exploration has a 52 week low of $0.80 and a 52 week high of $2.19. The company’s 50-day moving average is $1.06 and its 200-day moving average is $1.43.
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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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