Gastar Exploration (GST) Trading Down 7.5%

Gastar Exploration Inc (NYSEAMERICAN:GST) shares traded down 7.5% during trading on Wednesday . The company traded as low as $0.97 and last traded at $0.99. 1,290,761 shares were traded during mid-day trading, a decline of 29% from the average session volume of 1,819,819 shares. The stock had previously closed at $1.07.

A number of research analysts have recently commented on the company. Imperial Capital assumed 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. Zacks Investment Research upgraded Gastar Exploration from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Gastar Exploration currently has a consensus rating of “Hold” and a consensus price target of $1.54.

Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $20.06 million. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS.

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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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