Gastar Exploration (GST) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Gastar Exploration (NYSEAMERICAN:GST) from a buy rating to a hold rating in a research report sent to investors on Friday.

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. “

Several other analysts have also issued reports on GST. ValuEngine upgraded shares of Gastar Exploration from a strong sell rating to a sell rating in a research report on Monday, October 2nd. Imperial Capital restated an in-line rating on shares of Gastar Exploration in a research report on Tuesday, September 19th. Seaport Global Securities upgraded shares of Gastar Exploration from a neutral rating to a buy rating in a research report on Tuesday, December 19th. Finally, KeyCorp restated a hold rating on shares of Gastar Exploration in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $1.82.

Gastar Exploration (NYSEAMERICAN GST) traded up $0.02 on Friday, reaching $1.33. The company had a trading volume of 839,582 shares, compared to its average volume of 1,650,000. The company has a market capitalization of $286.81, a PE ratio of -5.54 and a beta of 3.48. Gastar Exploration has a 1-year low of $0.38 and a 1-year high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last released its earnings results on Wednesday, November 8th. The energy company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The company had revenue of $15.30 million during the quarter, compared to analyst estimates of $20.06 million. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) earnings per share.

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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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