Analysts at Imperial Capital started coverage on shares of Gastar Exploration Inc (NYSE:GST) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “in-line” rating and a $1.00 price target on the stock. Imperial Capital’s price objective suggests a potential upside of 41.38% from the company’s previous close.

Several other equities research analysts have also weighed in on GST. Seaport Global Securities lowered shares of Gastar Exploration from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.00 to $1.00 in a report on Wednesday, June 21st. Zacks Investment Research lowered shares of Gastar Exploration from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Finally, Williams Capital set a $1.00 target price on shares of Gastar Exploration and gave the stock a “hold” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.40.

Gastar Exploration (GST) traded up 4.6611% during trading on Tuesday, reaching $0.7073. 896,411 shares of the company’s stock traded hands. The firm’s 50 day moving average is $0.64 and its 200 day moving average is $1.05. The company’s market cap is $141.14 million. Gastar Exploration has a 12 month low of $0.38 and a 12 month high of $2.19.

Gastar Exploration (NYSE:GST) last posted its earnings results on Thursday, August 3rd. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The business had revenue of $22.60 million for the quarter, compared to the consensus estimate of $18.78 million. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS. Analysts anticipate that Gastar Exploration will post ($0.17) EPS for the current year.

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Several hedge funds have recently modified their holdings of GST. Ares Management LLC increased its position in shares of Gastar Exploration by 92.8% during the second quarter. Ares Management LLC now owns 56,712,088 shares of the company’s stock worth $52,515,000 after acquiring an additional 27,303,783 shares in the last quarter. State Street Corp increased its position in shares of Gastar Exploration by 1,952.7% during the second quarter. State Street Corp now owns 2,327,220 shares of the company’s stock worth $2,154,000 after acquiring an additional 2,213,844 shares in the last quarter. Northern Trust Corp increased its position in shares of Gastar Exploration by 715.6% during the second quarter. Northern Trust Corp now owns 1,920,593 shares of the company’s stock worth $1,779,000 after acquiring an additional 1,685,101 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Gastar Exploration by 23.4% during the second quarter. Vanguard Group Inc. now owns 7,125,376 shares of the company’s stock worth $6,598,000 after acquiring an additional 1,351,505 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Gastar Exploration by 439.9% during the second quarter. Bank of New York Mellon Corp now owns 599,986 shares of the company’s stock worth $555,000 after acquiring an additional 488,849 shares in the last quarter.

Gastar Exploration Company Profile

Gastar Exploration Inc, an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.

Analyst Recommendations for Gastar Exploration (NYSE:GST)

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