Zacks Investment Research upgraded shares of Gastar Exploration (NYSEAMERICAN:GST) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $1.50 target price on the energy company’s stock.
According to Zacks, “Gastar Exploration Ltd is an exploration and production company focusing on developing primarily natural gas. Gastar Exploration Ltd is based in Houston, Texas. “
A number of other equities research analysts have also recently weighed in on the company. Seaport Global Securities raised Gastar Exploration from a neutral rating to a buy rating in a report on Tuesday, December 19th. KeyCorp reaffirmed a hold rating on shares of Gastar Exploration in a report on Monday, November 13th. ValuEngine cut Gastar Exploration from a sell rating to a strong sell rating in a research note on Monday, October 16th. Finally, Imperial Capital reissued an in-line rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Gastar Exploration has an average rating of Hold and a consensus target price of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate 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. During the same period last year, the company earned ($0.08) earnings per share. Gastar Exploration’s quarterly revenue was up 17.7% on a year-over-year basis.
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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