GASTAR EXPL INC/SH (NYSEAMERICAN:GST) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $0.88.
GST has been the topic of several recent research reports. Zacks Investment Research raised GASTAR EXPL INC/SH from a “hold” rating to a “buy” rating and set a $0.25 target price on the stock in a report on Wednesday, July 25th. Wells Fargo & Co dropped coverage on GASTAR EXPL INC/SH in a report on Friday, August 31st. They set a “market perform” rating on the stock. S&P Equity Research lifted their target price on GASTAR EXPL INC/SH from $0.11 to $0.13 in a report on Wednesday, July 25th. Finally, Imperial Capital downgraded GASTAR EXPL INC/SH from an “in-line” rating to an “underperform” rating in a report on Tuesday, July 24th.
Large investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in GASTAR EXPL INC/SH by 3.4% during the 1st quarter. Northern Trust Corp now owns 1,958,682 shares of the energy company’s stock worth $1,337,000 after buying an additional 64,764 shares during the period. Schwab Charles Investment Management Inc. raised its stake in GASTAR EXPL INC/SH by 37.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock worth $340,000 after buying an additional 135,600 shares during the period. LMR Partners LLP acquired a new position in GASTAR EXPL INC/SH during the 2nd quarter worth approximately $285,000. Paloma Partners Management Co acquired a new position in GASTAR EXPL INC/SH during the 2nd quarter worth approximately $492,000. Finally, Millennium Management LLC acquired a new position in GASTAR EXPL INC/SH during the 2nd quarter worth approximately $1,370,000.
Shares of GST stock opened at $0.06 on Friday. GASTAR EXPL INC/SH has a twelve month low of $0.06 and a twelve month high of $1.39.
GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last announced its earnings results on Thursday, August 9th. The energy company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). The business had revenue of $10.00 million during the quarter, compared to analysts’ expectations of $18.84 million.
About GASTAR EXPL INC/SH
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.
Recommended Story: Analyst Ratings
Receive News & Ratings for GASTAR EXPL INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GASTAR EXPL INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.