Alpine Partners VI LLC purchased a new stake in Gastar Exploration Inc (NYSEMKT:GST) during the second quarter, Holdings Channel reports. The fund purchased 171,529 shares of the energy company’s stock, valued at approximately $189,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oxford Asset Management boosted its position in Gastar Exploration by 77.7% in the second quarter. Oxford Asset Management now owns 149,234 shares of the energy company’s stock worth $164,000 after buying an additional 65,237 shares during the last quarter. EAM Investors LLC bought a new position in Gastar Exploration during the second quarter worth $2,037,000. Spark Investment Management LLC bought a new position in Gastar Exploration during the second quarter worth $103,000. Laurion Capital Management LP bought a new position in Gastar Exploration during the second quarter worth $439,000. Finally, Vanguard Group Inc. boosted its position in Gastar Exploration by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,970,562 shares of the energy company’s stock worth $3,267,000 after buying an additional 141,706 shares during the last quarter.
Gastar Exploration Inc (NYSEMKT:GST) opened at 0.93 on Friday. The stock has a 50 day moving average of $0.92 and a 200-day moving average of $1.05. The company’s market cap is $96.73 million. Gastar Exploration Inc has a one year low of $0.57 and a one year high of $2.21.
Gastar Exploration (NYSEMKT:GST) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $12.20 million for the quarter, compared to analysts’ expectations of $13.75 million. The firm’s revenue for the quarter was down 44.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. On average, equities analysts predict that Gastar Exploration Inc will post ($0.44) EPS for the current fiscal year.
GST has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Tuesday, July 5th. Imperial Capital restated a “buy” rating and set a $1.30 price target on shares of Gastar Exploration in a research note on Tuesday, June 21st. Williams Capital initiated coverage on shares of Gastar Exploration in a research note on Monday, August 29th. They set a “hold” rating and a $1.00 price target on the stock. Finally, Iberia Capital restated a “sector perform” rating on shares of Gastar Exploration in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $1.65.
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.
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