Gastar Exploration (GST) Stock Rating Upgraded by Seaport Global Securities

Gastar Exploration (NYSEAMERICAN:GST) was upgraded by Seaport Global Securities from a “neutral” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Gastar Exploration from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a research report on Monday, November 13th. ValuEngine cut shares of Gastar Exploration from a “sell” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Imperial Capital reaffirmed an “in-line” rating on shares of Gastar Exploration in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.88.

Gastar Exploration (GST) opened at $0.98 on Tuesday. Gastar Exploration has a 1 year low of $0.38 and a 1 year high of $2.19.

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

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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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