Imperial Capital Weighs in on Gastar Exploration Inc’s FY2018 Earnings (GST)

Gastar Exploration Inc (NYSEAMERICAN:GST) – Imperial Capital boosted their FY2018 earnings estimates for shares of Gastar Exploration in a research note issued to investors on Wednesday. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings of ($0.20) per share for the year, up from their prior forecast of ($0.23). Imperial Capital currently has a “In-Line” rating and a $1.50 target price on the stock.

A number of other analysts also recently weighed in on the stock. Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research report on Wednesday, January 17th. KeyCorp reissued a “hold” rating on shares of Gastar Exploration in a research report on Monday, November 13th. Finally, ValuEngine downgraded shares of Gastar Exploration from a “sell” rating to a “strong sell” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $1.89.

Shares of Gastar Exploration (NYSEAMERICAN:GST) opened at $1.25 on Friday. Gastar Exploration has a 1 year low of $0.38 and a 1 year high of $2.19. The firm has a market cap of $273.68, a P/E ratio of -5.21 and a beta of 3.48.

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 analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $20.06 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis.

A hedge fund recently raised its stake in Gastar Exploration stock. Deprince Race & Zollo Inc. increased its position in shares of Gastar Exploration Inc (NYSEAMERICAN:GST) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 921,358 shares of the energy company’s stock after purchasing an additional 180,272 shares during the quarter. Deprince Race & Zollo Inc. owned 0.42% of Gastar Exploration worth $967,000 at the end of the most recent reporting period.

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About Gastar Exploration

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.

Earnings History and Estimates for Gastar Exploration (NYSEAMERICAN:GST)

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