Gastar Exploration Inc (NYSEMKT:GST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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 reports about the stock. Iberia Capital restated a “sector perform” rating on shares of Gastar Exploration in a report on Wednesday, August 10th. Imperial Capital restated a “buy” rating and issued a $1.30 price objective on shares of Gastar Exploration in a report on Tuesday, June 21st. Finally, Williams Capital initiated coverage on shares of Gastar Exploration in a report on Monday, August 29th. They issued a “hold” rating and a $1.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Gastar Exploration currently has a consensus rating of “Hold” and an average target price of $1.65.
Shares of Gastar Exploration (NYSEMKT:GST) opened at 0.8371 on Wednesday. The stock’s market cap is $87.07 million. The firm’s 50 day moving average price is $0.92 and its 200 day moving average price is $1.06. Gastar Exploration has a 52-week low of $0.57 and a 52-week high of $2.21.
Gastar Exploration (NYSEMKT:GST) last released its earnings results on Thursday, August 4th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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. During the same period last year, the firm earned ($0.13) EPS. The business’s revenue was down 44.3% on a year-over-year basis. On average, analysts expect that Gastar Exploration will post ($0.44) EPS for the current year.
Several large investors have recently modified their holdings of GST. Spark Investment Management LLC acquired a new stake in shares of Gastar Exploration during the second quarter worth about $103,000. LMR Partners LLP acquired a new stake in shares of Gastar Exploration during the second quarter worth about $141,000. Oxford Asset Management increased its stake in shares of 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. Alpine Partners VI LLC acquired a new stake in shares of Gastar Exploration during the second quarter worth about $189,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Gastar Exploration during the second quarter worth about $439,000.
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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