Gastar Exploration Inc (NYSEMKT:GST) Given Consensus Rating of “Hold” by Analysts
Gastar Exploration Inc (NYSEMKT:GST) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2.00.
GST has been the subject of a number of recent analyst reports. EuroPacific Canada restated a “buy” rating and issued a $2.25 price objective on shares of Gastar Exploration in a report on Sunday, April 23rd. Seaport Global Securities lowered shares of Gastar Exploration from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, ValuEngine lowered shares of Gastar Exploration from a “hold” rating to a “sell” rating in a report on Friday, June 2nd.
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An institutional investor recently raised its position in Gastar Exploration stock. Renaissance Technologies LLC increased its position in shares of Gastar Exploration Inc (NYSEMKT:GST) by 532.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632,554 shares of the energy company’s stock after buying an additional 532,580 shares during the period. Renaissance Technologies LLC owned about 0.49% of Gastar Exploration worth $980,000 at the end of the most recent quarter.
Shares of Gastar Exploration (NYSEMKT:GST) traded down 1.0024% during midday trading on Friday, reaching $0.6716. The company had a trading volume of 1,953,664 shares. The company’s market capitalization is $134.02 million. Gastar Exploration has a one year low of $0.38 and a one year high of $2.19. The company has a 50 day moving average of $0.86 and a 200 day moving average of $1.30.
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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