Schwab Charles Investment Management Inc. lifted its stake in shares of Gastar Exploration Inc (NYSE:GST) by 124.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 540,300 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Gastar Exploration worth $501,000 at the end of the most recent quarter.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Gastar Exploration from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Imperial Capital assumed coverage on Gastar Exploration in a research note on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price objective on the stock. Finally, Williams Capital set a $1.00 price objective on Gastar Exploration and gave the stock a “hold” rating in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Gastar Exploration currently has an average rating of “Hold” and a consensus price target of $1.40.
Shares of Gastar Exploration Inc (GST) opened at $0.80 on Friday. Gastar Exploration Inc has a 12 month low of $0.38 and a 12 month high of $2.19.
Gastar Exploration (NYSE:GST) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same quarter in the prior year, the company posted ($0.12) EPS. The firm’s quarterly revenue was up 85.2% on a year-over-year basis.
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Gastar Exploration Company Profile
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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