Gastar Exploration (GST) Lowered to Hold at Zacks Investment Research
Gastar Exploration (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
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 equities analysts have also issued research reports about the company. Seaport Global Securities upgraded Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. Imperial Capital reiterated an “in-line” rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. Finally, ValuEngine upgraded Gastar Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) last posted its earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million during the quarter, compared to the consensus estimate of $20.06 million. During the same quarter in the previous year, the business earned ($0.08) EPS. Gastar Exploration’s revenue was up 17.7% compared to the same quarter last year.
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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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