Canaccord Genuity set a $2.00 target price on Gastar Exploration Inc (NYSEMKT:GST) in a research note released on Monday morning. The brokerage currently has a a buy rating on the energy company’s stock.

GST has been the topic of a number of other reports. Williams Capital began coverage on Gastar Exploration in a report on Monday, August 29th. They issued a hold rating and a $1.00 target price on the stock. Zacks Investment Research cut Gastar Exploration from a hold rating to a sell rating in a report on Wednesday, September 28th. Imperial Capital reiterated a buy rating and issued a $1.30 price target on shares of Gastar Exploration in a research note on Tuesday, June 21st. Finally, Iberia Capital reiterated a sector perform rating on shares of Gastar Exploration in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $1.71.

Shares of Gastar Exploration (NYSEMKT:GST) traded down 5.288% during midday trading on Monday, reaching $0.985. The company’s stock had a trading volume of 459,469 shares. Gastar Exploration has a 12 month low of $0.57 and a 12 month high of $2.21. The company’s 50-day moving average price is $0.92 and its 200-day moving average price is $1.05. The company’s market cap is $102.45 million.

Gastar Exploration (NYSEMKT:GST) last released its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.01. The firm earned $12.20 million during the quarter, compared to analysts’ expectations of $13.75 million. Gastar Exploration’s revenue for the quarter was down 44.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. On average, equities analysts anticipate that Gastar Exploration will post ($0.44) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oxford Asset Management raised its position in Gastar Exploration by 77.7% in the second quarter. Oxford Asset Management now owns 149,234 shares of the energy company’s stock valued at $164,000 after buying an additional 65,237 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Gastar Exploration during the second quarter valued at about $103,000. Bridgeway Capital Management Inc. increased its stake in shares of Gastar Exploration by 31.8% in the second quarter. Bridgeway Capital Management Inc. now owns 414,078 shares of the energy company’s stock valued at $455,000 after buying an additional 100,000 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Gastar Exploration during the second quarter valued at about $141,000. Finally, Vanguard Group Inc. increased its stake in shares of Gastar Exploration by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,970,562 shares of the energy company’s stock valued at $3,267,000 after buying an additional 141,706 shares during the last quarter.

Gastar Exploration Company Profile

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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