Gastar Exploration Inc (NYSE:GST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

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. “

A number of other research firms have also recently weighed in on GST. Imperial Capital started coverage on shares of Gastar Exploration in a research report on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price objective on the stock. Seaport Global Securities cut shares of Gastar Exploration from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.00 to $1.00 in a research report on Wednesday, June 21st. Finally, Williams Capital set a $1.00 price objective on shares of Gastar Exploration and gave the company a “hold” rating in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1.40.

Gastar Exploration (GST) traded down 3.4855% during trading on Wednesday, hitting $0.8307. 541,415 shares of the company traded hands. Gastar Exploration has a 52 week low of $0.38 and a 52 week high of $2.19. The company’s 50 day moving average is $0.68 and its 200-day moving average is $1.00. The stock’s market capitalization is $165.76 million.

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

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Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers bought a new position in Gastar Exploration during the second quarter valued at $163,000. Verition Fund Management LLC increased its position in Gastar Exploration by 7.8% during the second quarter. Verition Fund Management LLC now owns 250,000 shares of the company’s stock valued at $232,000 after acquiring an additional 18,107 shares during the last quarter. Wells Fargo & Company MN increased its position in Gastar Exploration by 2.4% during the second quarter. Wells Fargo & Company MN now owns 254,924 shares of the company’s stock valued at $236,000 after acquiring an additional 6,000 shares during the last quarter. California State Teachers Retirement System bought a new position in Gastar Exploration during the second quarter valued at $286,000. Finally, Teachers Advisors LLC bought a new position in Gastar Exploration during the second quarter valued at $294,000.

About Gastar Exploration

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.

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Analyst Recommendations for Gastar Exploration (NYSE:GST)

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