Gastar Exploration Inc (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

Other research analysts have also recently issued research reports about the company. Imperial Capital began coverage on Gastar Exploration in a report on Tuesday, September 19th. They issued an “in-line” rating and a $1.00 price target on the stock. Williams Capital set a $1.00 price target on Gastar Exploration and gave the company a “hold” rating in a report on Friday, August 4th. ValuEngine raised Gastar Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Gastar Exploration currently has a consensus rating of “Hold” and a consensus target price of $1.54.

Shares of Gastar Exploration (GST) traded up $0.01 during trading hours on Tuesday, reaching $0.82. The company had a trading volume of 515,772 shares, compared to its average volume of 1,827,138. Gastar Exploration has a 1 year low of $0.38 and a 1 year high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last announced its earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The company had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $20.06 million. Gastar Exploration’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share.

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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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