Gastar Exploration Inc (GST) Given Average Recommendation of “Hold” by Brokerages
Gastar Exploration Inc (NYSEMKT:GST) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $2.00.
Several analysts recently weighed in on GST shares. EuroPacific Canada reissued a “buy” rating and set a $2.25 price target on shares of Gastar Exploration in a report on Sunday, April 23rd. Seaport Global Securities cut Gastar Exploration from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, ValuEngine cut Gastar Exploration from a “hold” rating to a “sell” rating in a report on Friday, June 2nd.
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An institutional investor recently raised its position in Gastar Exploration stock. Renaissance Technologies LLC increased its stake in shares of Gastar Exploration Inc (NYSEMKT:GST) by 532.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 632,554 shares of the energy company’s stock after buying an additional 532,580 shares during the period. Renaissance Technologies LLC owned about 0.49% of Gastar Exploration worth $980,000 as of its most recent filing with the SEC.
Shares of Gastar Exploration (NYSEMKT:GST) traded down 1.0024% during midday trading on Friday, hitting $0.6716. The company had a trading volume of 1,953,664 shares. The firm’s 50-day moving average is $0.86 and its 200-day moving average is $1.30. Gastar Exploration has a 12-month low of $0.38 and a 12-month high of $2.19. The firm’s market capitalization is $134.02 million.
Gastar Exploration Company Profile
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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