Gastar Exploration (GST) Trading Down 8.8%

Gastar Exploration Inc (NYSEAMERICAN:GST) fell 8.8% during mid-day trading on Wednesday . The company traded as low as $0.72 and last traded at $0.73. 2,175,392 shares were traded during mid-day trading, an increase of 55% from the average session volume of 1,402,537 shares. The stock had previously closed at $0.80.

Several research analysts have weighed in on GST shares. Eurobank EFG upgraded Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price target for the company in a report on Thursday, February 15th. Williams Capital set a $1.00 price target on Gastar Exploration and gave the company a “hold” rating in a report on Thursday, February 15th. UBS Group upgraded Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research downgraded Gastar Exploration from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $1.84.

The stock has a market cap of $176.03, a price-to-earnings ratio of -3.33 and a beta of 3.48.

Hedge funds have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC acquired a new stake in shares of Gastar Exploration during the 4th quarter worth $113,000. The Manufacturers Life Insurance Company increased its holdings in shares of Gastar Exploration by 117.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock worth $153,000 after buying an additional 78,492 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Gastar Exploration by 424.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock worth $174,000 after buying an additional 134,100 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Gastar Exploration by 122.1% during the 4th quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock worth $421,000 after buying an additional 221,437 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Gastar Exploration by 24.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock worth $967,000 after buying an additional 180,272 shares during the last quarter.

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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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