Zacks Investment Research upgraded shares of Gastar Exploration (NYSEAMERICAN:GST) from a hold rating to a buy rating in a research note released on Wednesday. They currently have $1.50 price target on the energy company’s stock.
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. “
GST has been the subject of a number of other research reports. ValuEngine lowered Gastar Exploration from a sell rating to a strong sell rating in a research note on Monday, October 16th. Imperial Capital reiterated an in-line rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. Seaport Global Securities upgraded Gastar Exploration from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Finally, KeyCorp reiterated a hold rating on shares of Gastar Exploration in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $1.82.
Shares of Gastar Exploration (NYSEAMERICAN:GST) opened at $1.26 on Wednesday. Gastar Exploration has a 52-week low of $0.38 and a 52-week high of $2.19. The company has a market capitalization of $284.62, a PE ratio of -5.25 and a beta of 3.48.
Gastar Exploration (NYSEAMERICAN:GST) last issued its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The business had revenue of $15.30 million during the quarter, compared to the consensus estimate of $20.06 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.
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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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