Shares of GASTAR EXPL INC/SH (NYSEAMERICAN:GST) gapped down prior to trading on Monday . The stock had previously closed at $0.13, but opened at $0.13. GASTAR EXPL INC/SH shares last traded at $0.11, with a volume of 198371 shares trading hands.
GST has been the topic of several research analyst reports. Williams Capital set a $1.00 target price on GASTAR EXPL INC/SH and gave the company a “hold” rating in a research note on Friday, May 11th. S&P Equity Research boosted their target price on GASTAR EXPL INC/SH from $0.11 to $0.13 in a research note on Wednesday, July 25th. Zacks Investment Research cut GASTAR EXPL INC/SH from a “hold” rating to a “sell” rating in a research note on Friday, May 25th. Finally, Imperial Capital cut GASTAR EXPL INC/SH from an “in-line” rating to an “underperform” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $0.88.
GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last issued its quarterly earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). The company had revenue of $10.00 million during the quarter, compared to the consensus estimate of $18.84 million.
GASTAR EXPL INC/SH Company Profile (NYSEAMERICAN:GST)
Gastar Exploration Inc, an independent energy company, engages in the exploration, development and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.
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