Gastar Exploration Inc (NYSE:GST)’s share price was up 4.7% on Friday . The stock traded as high as $0.71 and last traded at $0.71. Approximately 896,411 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 2,352,760 shares. The stock had previously closed at $0.68.

Several equities analysts recently weighed in on GST shares. Imperial Capital started coverage on shares of Gastar Exploration in a research note on Tuesday. They issued an “in-line” rating and a $1.00 target price for the company. Seaport Global Securities cut shares of 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 note on Wednesday, June 21st. Zacks Investment Research cut shares of Gastar Exploration from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Finally, Williams Capital set a $1.00 target price on shares of Gastar Exploration and gave the company a “hold” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Gastar Exploration has an average rating of “Hold” and a consensus target price of $1.40.

The company has a 50-day moving average price of $0.64 and a 200-day moving average price of $1.05. The company’s market capitalization is $141.14 million.

Gastar Exploration (NYSE:GST) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $22.60 million during the quarter, compared to the consensus estimate of $18.78 million. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. Equities analysts predict that Gastar Exploration Inc will post ($0.17) EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Deprince Race & Zollo Inc. grew its stake in shares of Gastar Exploration by 9.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,011,084 shares of the company’s stock worth $936,000 after acquiring an additional 85,100 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Gastar Exploration by 439.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,986 shares of the company’s stock worth $555,000 after acquiring an additional 488,849 shares during the period. Rhumbline Advisers bought a new position in shares of Gastar Exploration during the 2nd quarter worth $163,000. Schwab Charles Investment Management Inc. grew its stake in shares of Gastar Exploration by 124.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 540,300 shares of the company’s stock worth $501,000 after acquiring an additional 300,000 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of Gastar Exploration during the 2nd quarter worth $286,000.

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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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