Short Interest in Gastar Exploration Inc (GST) Declines By 2.8%

Gastar Exploration Inc (NYSEAMERICAN:GST) was the target of a significant drop in short interest in December. As of December 29th, there was short interest totalling 19,613,836 shares, a drop of 2.8% from the December 15th total of 20,170,317 shares. Approximately 9.7% of the shares of the stock are short sold. Based on an average trading volume of 1,351,818 shares, the days-to-cover ratio is presently 14.5 days.

GST has been the topic of several research reports. Zacks Investment Research upgraded Gastar Exploration from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. ValuEngine upgraded Gastar Exploration from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Seaport Global Securities raised Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Imperial Capital reaffirmed an “in-line” rating on shares of Gastar Exploration in a report on Tuesday, September 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $1.82.

Shares of Gastar Exploration (NYSEAMERICAN GST) opened at $1.29 on Thursday. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.19. The company has a market capitalization of $282.43, a P/E ratio of -5.38 and a beta of 3.48.

Gastar Exploration (NYSEAMERICAN:GST) last posted its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the 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. During the same period in the previous year, the company posted ($0.08) earnings per share. The business’s revenue was up 17.7% on a year-over-year basis.

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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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