KeyCorp Equities Analysts Raise Earnings Estimates for Gastar Exploration (NYSEAMERICAN:GST)

Gastar Exploration (NYSEAMERICAN:GST) – Research analysts at KeyCorp increased their Q4 2017 earnings per share estimates for Gastar Exploration in a report issued on Tuesday, March 13th, Zacks Investment Research reports. KeyCorp analyst D. Deckelbaum now anticipates that the energy company will post earnings per share of ($0.03) for the quarter, up from their previous forecast of ($0.04). KeyCorp also issued estimates for Gastar Exploration’s Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.04) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at ($0.05) EPS and Q4 2019 earnings at ($0.05) EPS.

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

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Gastar Exploration from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. UBS upgraded shares of Gastar Exploration from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Eurobank EFG upgraded shares of Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price target for the company in a report on Thursday, February 15th. Imperial Capital boosted their price target on shares of 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 upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. One equities research 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. The company currently has a consensus rating of “Hold” and an average target price of $1.55.

GST traded down $0.03 on Friday, reaching $0.62. 948,742 shares of the company traded hands, compared to its average volume of 1,174,057. Gastar Exploration has a one year low of $0.38 and a one year high of $1.66.

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Gastar Exploration by 117.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after acquiring an additional 78,492 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gastar Exploration by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock valued at $1,528,000 after acquiring an additional 88,528 shares during the last quarter. Squar Milner Financial Services LLC purchased a new stake in shares of Gastar Exploration in the 4th quarter valued at $113,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Gastar Exploration by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after acquiring an additional 134,100 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after acquiring an additional 180,272 shares during the last quarter.

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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.

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

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