Gastar Exploration Inc (NYSEMKT:GST) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 21,392,284 shares, a decline of 5.4% from the October 13th total of 22,619,776 shares. Based on an average daily volume of 913,048 shares, the days-to-cover ratio is presently 23.4 days. Approximately 10.9% of the shares of the company are short sold.

Shares of Gastar Exploration (NYSEMKT GST) opened at $0.81 on Tuesday. Gastar Exploration has a 12-month low of $0.38 and a 12-month high of $2.19.

Gastar Exploration (NYSEMKT: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 during the quarter, compared to analyst estimates of $20.06 million. Gastar Exploration’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Gastar Exploration from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine downgraded Gastar Exploration from a “sell” rating to a “strong sell” rating in a report on Monday, October 16th. Imperial Capital reissued an “in-line” rating on shares of Gastar Exploration in a report on Tuesday, September 19th. Finally, Williams Capital set a $1.00 price target on Gastar Exploration and gave the company a “hold” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $1.54.

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About Gastar Exploration

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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