Gastar Exploration (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.
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 research analysts also recently issued reports about the stock. Seaport Global Securities upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. KeyCorp restated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. ValuEngine downgraded shares of Gastar Exploration from a “sell” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Imperial Capital restated an “in-line” rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Gastar Exploration presently has a consensus rating of “Hold” and a consensus price target of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) opened at $1.33 on Friday. The company has a market cap of $286.81, a P/E ratio of -5.54 and a beta of 3.48. Gastar Exploration has a 1 year low of $0.38 and a 1 year high of $2.19.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $20.06 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis.
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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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