Gastar Exploration (NYSEAMERICAN:GST) Announces Earnings Results

Gastar Exploration (NYSEAMERICAN:GST) released its quarterly earnings data on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03), reports. The company had revenue of $15.48 million during the quarter, compared to analysts’ expectations of $22.65 million.

Gastar Exploration stock traded down $0.03 during mid-day trading on Friday, hitting $0.62. The company’s stock had a trading volume of 948,742 shares, compared to its average volume of 1,174,057. Gastar Exploration has a twelve month low of $0.38 and a twelve month high of $1.66.

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A number of brokerages have commented on GST. Zacks Investment Research downgraded Gastar Exploration from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. UBS upgraded Gastar Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Eurobank EFG upgraded Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 target price for the company in a research note on Thursday, February 15th. Imperial Capital lifted their price target on Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a report on Friday, January 26th. Finally, Seaport Global Securities raised Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Gastar Exploration currently has a consensus rating of “Hold” and an average price target of $1.55.

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About Gastar Exploration

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.

Earnings History for Gastar Exploration (NYSEAMERICAN:GST)

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