Gastar Exploration Inc (GST) Receives Hold Rating from KeyCorp

KeyCorp reaffirmed their hold rating on shares of Gastar Exploration Inc (NYSEAMERICAN:GST) in a report released on Monday.

Other equities research analysts have also issued reports about the stock. Imperial Capital assumed coverage on shares of Gastar Exploration in a research note on Tuesday, September 19th. They issued an in-line rating and a $1.00 price target on the stock. Williams Capital set a $1.00 price target on shares of Gastar Exploration and gave the company a hold rating in a research note on Friday, August 4th. ValuEngine upgraded shares of Gastar Exploration from a strong sell rating to a sell rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Gastar Exploration from a sell rating to a hold rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Gastar Exploration currently has an average rating of Hold and a consensus target price of $1.54.

Shares of Gastar Exploration (NYSEAMERICAN:GST) traded down $0.08 during trading hours on Monday, hitting $0.80. 879,300 shares of the company were exchanged, compared to its average volume of 1,859,078. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $15.30 million for the quarter, compared to analyst estimates of $20.06 million. During the same quarter last year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter 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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