Gastar Exploration Inc (NYSEMKT:GST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

GST has been the topic of a number of other research reports. Williams Capital began coverage on shares of Gastar Exploration in a report on Monday, August 29th. They issued a “hold” rating and a $1.00 price objective on the stock. Imperial Capital restated a “buy” rating and issued a $1.30 price objective on shares of Gastar Exploration in a report on Tuesday, June 21st. Finally, Iberia Capital restated a “sector perform” rating on shares of Gastar Exploration in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $1.65.

Analyst Recommendations for Gastar Exploration (NYSEMKT:GST)

Gastar Exploration (NYSEMKT:GST) opened at 1.04 on Tuesday. The firm’s market cap is $108.17 million. Gastar Exploration has a 52-week low of $0.57 and a 52-week high of $2.21. The stock has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.05.

Gastar Exploration (NYSEMKT:GST) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.01. The business had revenue of $12.20 million for the quarter, compared to analyst estimates of $13.75 million. The business’s revenue for the quarter was down 44.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS. Equities analysts predict that Gastar Exploration will post ($0.44) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northpointe Capital LLC increased its position in Gastar Exploration by 130.9% in the second quarter. Northpointe Capital LLC now owns 6,506,942 shares of the energy company’s stock valued at $7,158,000 after buying an additional 3,688,703 shares during the last quarter. GLG Partners LP acquired a new position in Gastar Exploration during the second quarter valued at $2,992,000. EAM Investors LLC acquired a new position in Gastar Exploration during the second quarter valued at $2,037,000. Oasis Management Co Ltd. acquired a new position in Gastar Exploration during the second quarter valued at $1,356,000. Finally, Emerald Acquisition Ltd. acquired a new position in Gastar Exploration during the second quarter valued at $1,172,000.

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.

Receive News & Stock Ratings for Gastar Exploration Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gastar Exploration Inc and related stocks with our FREE daily email newsletter.