KeyCorp Research Analysts Boost Earnings Estimates for Gastar Exploration Inc (GST)
Gastar Exploration Inc (NYSEAMERICAN:GST) – Equities research analysts at KeyCorp increased their Q1 2018 earnings estimates for Gastar Exploration in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy company will post earnings per share of ($0.04) for the quarter, up from their previous estimate of ($0.05). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Gastar Exploration’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.18) EPS, Q1 2019 earnings at ($0.07) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.07) EPS and FY2019 earnings at ($0.28) EPS.
Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ 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. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis.
Several other equities research analysts also recently issued reports on GST. Imperial Capital began coverage on Gastar Exploration in a report on Tuesday, September 19th. They issued an “in-line” rating and a $1.00 price objective on the stock. ValuEngine upgraded Gastar Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded Gastar Exploration from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $1.54.
Shares of Gastar Exploration (NYSEAMERICAN:GST) traded down $0.04 during trading on Friday, hitting $0.97. The stock had a trading volume of 754,800 shares, compared to its average volume of 1,804,829. Gastar Exploration has a twelve month low of $0.38 and a twelve month high of $2.19.
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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