Zacks Investment Research upgraded shares of Gastar Exploration Inc (NYSE:GST) from a sell rating to a hold rating in a research report sent to investors on Wednesday 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. “

A number of other brokerages have also issued reports on GST. Seaport Global Securities lowered Gastar Exploration from a buy rating to a neutral rating and decreased their target price for the company from $3.00 to $1.00 in a research report on Wednesday, June 21st. Williams Capital set a $1.00 target price on Gastar Exploration and gave the company a hold rating in a research report on Friday, August 4th. Finally, Imperial Capital began coverage on Gastar Exploration in a research report on Tuesday, September 19th. They set an in-line rating and a $1.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $1.40.

Gastar Exploration (NYSE GST) traded down 3.7185% during trading on Wednesday, hitting $0.8182. 661,504 shares of the stock traded hands. The stock’s market cap is $163.27 million. The stock has a 50 day moving average price of $0.69 and a 200-day moving average price of $1.00. Gastar Exploration has a 52-week low of $0.38 and a 52-week high of $2.19.

Gastar Exploration (NYSE:GST) last announced its earnings results on Thursday, August 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $18.78 million. During the same quarter last year, the business earned ($0.12) EPS. Gastar Exploration’s quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts anticipate that Gastar Exploration will post ($0.17) EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in Gastar Exploration by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 254,924 shares of the company’s stock valued at $236,000 after purchasing an additional 6,000 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Gastar Exploration by 7.8% in the 2nd quarter. Verition Fund Management LLC now owns 250,000 shares of the company’s stock valued at $232,000 after purchasing an additional 18,107 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Gastar Exploration by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 2,653,900 shares of the company’s stock valued at $2,458,000 after purchasing an additional 48,500 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Gastar Exploration by 9.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,011,084 shares of the company’s stock valued at $936,000 after purchasing an additional 85,100 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in Gastar Exploration in the 2nd quarter valued at $163,000.

Gastar Exploration Company Profile

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 (NYSE:GST)

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