Zacks Investment Research upgraded shares of Gastar Exploration (NYSEAMERICAN:GST) from a hold rating to a buy rating in a research report report published on Wednesday, January 10th. They currently have $1.50 price objective on the energy company’s stock.
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. “
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Gastar Exploration from a strong sell rating to a sell rating in a research note on Monday, October 2nd. Imperial Capital reiterated an in-line rating on shares of Gastar Exploration in a research note on Tuesday, September 19th. Seaport Global Securities upgraded shares of Gastar Exploration from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Finally, KeyCorp restated a hold rating on shares of Gastar Exploration in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $15.30 million for the quarter, compared to analyst estimates of $20.06 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The business’s revenue was up 17.7% compared to the same quarter last year.
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About Gastar Exploration
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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