Gastar Exploration (GST) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Gastar Exploration (NYSEAMERICAN:GST) from a hold rating to a sell rating in a report released on Friday morning.

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. “

Several other brokerages have also recently issued reports on GST. UBS raised Gastar Exploration from a hold rating to a buy rating in a report on Thursday, February 15th. Eurobank EFG raised 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. Imperial Capital upped their price target on Gastar Exploration from $1.00 to $1.50 and gave the stock an in-line rating in a report on Friday, January 26th. Finally, Williams Capital set a $1.00 price target on Gastar Exploration and gave the stock a hold rating in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Gastar Exploration has a consensus rating of Hold and a consensus price target of $1.38.

Shares of Gastar Exploration opened at $0.66 on Friday, Marketbeat.com reports. Gastar Exploration has a 52-week low of $0.38 and a 52-week high of $1.39.

Gastar Exploration (NYSEAMERICAN:GST) last issued its quarterly earnings data on Thursday, May 10th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). The firm had revenue of $20.91 million during the quarter, compared to analyst estimates of $20.02 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its stake in Gastar Exploration by 3.4% during the 1st quarter. Northern Trust Corp now owns 1,958,682 shares of the energy company’s stock worth $1,337,000 after buying an additional 64,764 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Gastar Exploration by 37.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock worth $340,000 after buying an additional 135,600 shares in the last quarter. Deutsche Bank AG increased its stake in 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 in the last quarter. Geode Capital Management LLC increased its stake in Gastar Exploration by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock worth $1,528,000 after buying an additional 88,528 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Gastar Exploration by 1.6% during the 4th quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock worth $12,647,000 after buying an additional 187,454 shares in the last quarter.

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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Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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