Gastar Exploration (GST) Trading Up 26.5%
Gastar Exploration Inc (NYSEAMERICAN:GST)’s share price was up 26.5% during mid-day trading on Friday . The company traded as high as $1.06 and last traded at $1.05. Approximately 5,419,500 shares changed hands during trading, an increase of 198% from the average daily volume of 1,816,551 shares. The stock had previously closed at $0.83.
A number of equities analysts have issued reports on GST shares. Williams Capital set a $1.00 target price on Gastar Exploration and gave the stock a “hold” rating in a report on Friday, August 4th. ValuEngine cut Gastar Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Imperial Capital started coverage on Gastar Exploration in a report on Tuesday, September 19th. They set an “in-line” rating and a $1.00 target price for the company. Zacks Investment Research upgraded Gastar Exploration from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $1.54.
Gastar Exploration (NYSEAMERICAN:GST) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $15.30 million for the quarter, compared to the consensus estimate of $20.06 million. During the same period last year, the company posted ($0.08) EPS. Gastar Exploration’s revenue was up 17.7% on a year-over-year basis.
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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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