Gastar Exploration (GST) Sees Significant Growth in Short Interest

Gastar Exploration (NYSEAMERICAN:GST) saw a significant growth in short interest in the month of March. As of March 29th, there was short interest totalling 19,888,885 shares, a growth of 1.9% from the March 15th total of 19,510,244 shares. Based on an average daily volume of 1,056,107 shares, the short-interest ratio is presently 18.8 days. Currently, 9.8% of the company’s shares are sold short.

Large investors have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its holdings in Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after purchasing an additional 180,272 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Gastar Exploration by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after purchasing an additional 134,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 78,492 shares during the period. Squar Milner Financial Services LLC purchased a new position in shares of Gastar Exploration during the 4th quarter worth about $113,000. Finally, Deutsche Bank AG lifted 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 acquiring an additional 221,437 shares during the period.

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A number of brokerages have weighed in on GST. Zacks Investment Research cut shares of Gastar Exploration from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Imperial Capital boosted their price target on shares of Gastar Exploration from $1.00 to $1.50 and gave the stock an “in-line” rating in a report on Friday, January 26th. Eurobank EFG upgraded shares of 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. UBS upgraded shares of Gastar Exploration from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Williams Capital set a $1.00 price objective on shares of Gastar Exploration and gave the stock a “hold” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1.55.

NYSEAMERICAN:GST opened at $0.75 on Thursday. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $1.43.

Gastar Exploration (NYSEAMERICAN:GST) last issued its quarterly earnings data on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The business had revenue of $15.48 million during the quarter, compared to analyst estimates of $22.65 million.

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About Gastar Exploration

Gastar Exploration Inc, an independent energy company, engages in the exploration, development and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.

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