Gastar Exploration (GST) Stock Rating Upgraded by Zacks Investment Research
Gastar Exploration (NYSEAMERICAN:GST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “
A number of other brokerages have also recently commented on GST. KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. Imperial Capital reaffirmed an “in-line” rating on shares of Gastar Exploration in a report on Tuesday, September 19th. Finally, ValuEngine raised Gastar Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $1.88.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $20.06 million. Gastar Exploration’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share.
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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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