GASTAR EXPL INC/SH (GST) Short Interest Update

GASTAR EXPL INC/SH (NYSEAMERICAN:GST) saw a large decline in short interest during the month of June. As of June 29th, there was short interest totalling 12,277,623 shares, a decline of 36.7% from the June 15th total of 19,390,815 shares. Based on an average trading volume of 3,388,054 shares, the short-interest ratio is presently 3.6 days. Approximately 6.0% of the shares of the stock are sold short.

A number of analysts have issued reports on the stock. Williams Capital set a $1.00 price target on shares of GASTAR EXPL INC/SH and gave the company a “hold” rating in a report on Friday, March 16th. Zacks Investment Research downgraded shares of GASTAR EXPL INC/SH from a “hold” rating to a “sell” rating in a report on Friday, May 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.38.

Shares of GASTAR EXPL INC/SH traded down $0.04, reaching $0.52, during trading hours on Wednesday, MarketBeat reports. The company’s stock had a trading volume of 1,584,766 shares, compared to its average volume of 1,356,469. GASTAR EXPL INC/SH has a one year low of $0.38 and a one year high of $1.39.

GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last posted its earnings results on Thursday, May 10th. The energy company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $20.91 million for the quarter, compared to analysts’ expectations of $20.02 million.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of GASTAR EXPL INC/SH by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock worth $12,647,000 after buying an additional 187,454 shares during the last quarter. Northern Trust Corp increased its holdings in shares of GASTAR EXPL INC/SH by 3.4% in the 1st quarter. Northern Trust Corp now owns 1,958,682 shares of the energy company’s stock worth $1,337,000 after buying an additional 64,764 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of GASTAR EXPL INC/SH by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock worth $1,528,000 after buying an additional 88,528 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of GASTAR EXPL INC/SH by 37.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock worth $340,000 after buying an additional 135,600 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of GASTAR EXPL INC/SH by 122.1% in the 4th quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock worth $421,000 after buying an additional 221,437 shares during the last quarter.

GASTAR EXPL INC/SH Company Profile

Gastar Exploration Inc, an independent energy company, engages in the exploration, development and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.

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