Gastar Exploration (GST) Downgraded by Zacks Investment Research

Gastar Exploration (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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. “

Several other research firms also recently commented on GST. ValuEngine raised shares of Gastar Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Imperial Capital reissued an “in-line” rating on shares of Gastar Exploration in a report on Tuesday, September 19th. Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, KeyCorp reissued a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Gastar Exploration currently has an average rating of “Hold” and an average price target of $1.82.

Gastar Exploration (NYSEAMERICAN:GST) traded up $0.02 during midday trading on Friday, reaching $1.33. 839,582 shares of the company’s stock traded hands, compared to its average volume of 1,657,989. The stock has a market capitalization of $282.43, a P/E ratio of -5.54 and a beta of 3.48. Gastar Exploration has a 1-year low of $0.38 and a 1-year high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million for the quarter, compared to analyst estimates of $20.06 million. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business 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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