Gastar Exploration (NYSEAMERICAN:GST)’s share price was up 4.1% on Thursday . The stock traded as high as $0.74 and last traded at $0.70. Approximately 412,698 shares changed hands during trading, a decline of 64% from the average daily volume of 1,146,906 shares. The stock had previously closed at $0.73.
Several equities analysts have recently weighed in on GST shares. Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Williams Capital set a $1.00 target price on shares of Gastar Exploration and gave the company a “hold” rating in a research note on Friday, March 16th. Zacks Investment Research cut shares of Gastar Exploration from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Imperial Capital raised their target price on shares of Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a research note on Friday, January 26th. Finally, UBS raised shares of Gastar Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Gastar Exploration currently has a consensus rating of “Hold” and an average target price of $1.55.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Thursday, March 15th. The energy company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The company had revenue of $15.48 million for the quarter, compared to the consensus estimate of $22.65 million.
A number of hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its holdings in shares of Gastar Exploration by 24.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock worth $967,000 after buying an additional 180,272 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Gastar Exploration by 424.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after purchasing an additional 134,100 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Gastar Exploration by 117.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after purchasing an additional 78,492 shares in the last quarter. Squar Milner Financial Services LLC acquired a new position in Gastar Exploration in the fourth quarter valued at about $113,000. Finally, Deutsche Bank AG raised its stake in Gastar Exploration by 122.1% in the fourth quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock valued at $421,000 after purchasing an additional 221,437 shares in 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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