Gastar Exploration Inc (GST) Short Interest Update

Gastar Exploration Inc (NYSEAMERICAN:GST) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 17,593,928 shares, a drop of 2.1% from the January 12th total of 17,980,129 shares. Currently, 8.7% of the company’s shares are sold short. Based on an average trading volume of 1,278,303 shares, the days-to-cover ratio is currently 13.8 days.

A number of analysts recently commented on GST shares. Seaport Global Securities raised Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday, January 10th. KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. Imperial Capital raised their price target on Gastar Exploration from $1.00 to $1.50 and gave the stock an “in-line” rating in a research note on Friday, January 26th. Finally, ValuEngine lowered Gastar Exploration from a “sell” rating to a “strong sell” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.89.

Shares of Gastar Exploration (GST) traded up $0.02 during trading on Friday, reaching $0.86. The company’s stock had a trading volume of 1,576,209 shares, compared to its average volume of 1,455,993. The stock has a market capitalization of $227.70, a price-to-earnings ratio of -3.58 and a beta of 3.48. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $15.30 million during the quarter, compared to analyst estimates of $20.06 million. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) earnings per share.

Institutional investors have recently made changes to their positions in the business. Squar Milner Financial Services LLC purchased a new position in Gastar Exploration during the fourth quarter valued at $113,000. The Manufacturers Life Insurance Company lifted its position in Gastar Exploration by 117.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after buying an additional 78,492 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Gastar Exploration by 424.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after buying an additional 134,100 shares during the period. Deprince Race & Zollo Inc. lifted its position in Gastar Exploration by 24.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after buying an additional 180,272 shares during the period. Finally, BlackRock Inc. lifted its position in Gastar Exploration by 1.6% during the fourth quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock valued at $12,647,000 after buying an additional 187,454 shares during the period.

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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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