LMR Partners LLP acquired a new position in Gastar Exploration Inc (NYSEMKT:GST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 128,357 shares of the energy company’s stock, valued at approximately $141,000.
Other large investors have also recently modified their holdings of the company. Integrated Investment Consultants LLC bought a new stake in Gastar Exploration during the second quarter worth approximately $877,000. Dalton Greiner Hartman Maher & Co. raised its stake in Gastar Exploration by 12.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,721,632 shares of the energy company’s stock worth $1,894,000 after buying an additional 196,667 shares during the period. Finally, Northpointe Capital LLC raised its stake in Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock worth $7,158,000 after buying an additional 3,688,703 shares during the period.
Gastar Exploration Inc (NYSEMKT:GST) traded up 1.74% on Friday, reaching $1.17. The company had a trading volume of 1,715,693 shares. The firm’s market capitalization is $121.69 million. The company’s 50 day moving average is $0.94 and its 200-day moving average is $1.05. 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 data on Thursday, August 4th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.01. The firm earned $12.20 million during the quarter, compared to analysts’ expectations of $13.75 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The company’s revenue was down 44.3% on a year-over-year basis. On average, equities research analysts expect that Gastar Exploration Inc will post ($0.44) earnings per share for the current fiscal year.
A number of research firms have commented on GST. Zacks Investment Research lowered Gastar Exploration from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Williams Capital assumed coverage on Gastar Exploration in a research note on Monday, August 29th. They issued a “hold” rating and a $1.00 price objective on the stock. Canaccord Genuity set a $2.00 price objective on Gastar Exploration and gave the company a “buy” rating in a research note on Monday, October 10th. Imperial Capital reissued a “buy” rating and issued a $1.30 price objective on shares of Gastar Exploration in a research note on Tuesday, June 21st. Finally, Iberia Capital reissued a “sector perform” rating on shares of Gastar Exploration in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1.71.
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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