Gastar Exploration Inc (GST) Sees Large Growth in Short Interest
Gastar Exploration Inc (NYSEAMERICAN:GST) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 21,151,977 shares, an increase of 0.3% from the November 15th total of 21,095,674 shares. Based on an average trading volume of 1,116,284 shares, the days-to-cover ratio is presently 18.9 days. Currently, 10.5% of the company’s stock are short sold.
Several brokerages recently issued reports on GST. Zacks Investment Research lowered shares of Gastar Exploration from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. ValuEngine lowered shares of Gastar Exploration from a “sell” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Imperial Capital reiterated an “in-line” rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $1.54.
Shares of Gastar Exploration (NYSEAMERICAN:GST) traded up $0.04 during mid-day trading on Monday, reaching $1.01. 932,238 shares of the company traded hands, compared to its average volume of 1,815,922. Gastar Exploration has a one year low of $0.38 and a one year high of $2.19.
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.
Receive News & Ratings for Gastar Exploration Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gastar Exploration Inc and related companies with MarketBeat.com's FREE daily email newsletter.