ValuEngine cut shares of Gastar Exploration Inc (NYSEMKT:GST) from a hold rating to a sell rating in a research note released on Friday, June 2nd.

A number of other brokerages have also recently commented on GST. Zacks Investment Research upgraded Gastar Exploration from a hold rating to a buy rating and set a $2.00 target price for the company in a report on Wednesday, March 1st. Williams Capital cut Gastar Exploration from a buy rating to a hold rating and set a $2.00 target price for the company. in a report on Friday, February 17th. EuroPacific Canada restated a buy rating and set a $2.25 target price on shares of Gastar Exploration in a report on Sunday, April 23rd. Seaport Global Securities restated a buy rating and set a $3.00 target price on shares of Gastar Exploration in a report on Friday, March 31st. Finally, Canaccord Genuity set a $2.50 target price on Gastar Exploration and gave the company a buy rating in a report on Saturday, March 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $2.14.

Shares of Gastar Exploration (NYSEMKT GST) traded down 7.3688% during mid-day trading on Friday, hitting $0.8699. 3,061,809 shares of the stock were exchanged. The stock’s market cap is $141.64 million. Gastar Exploration has a 12 month low of $0.80 and a 12 month high of $2.19. The company has a 50-day moving average price of $1.06 and a 200-day moving average price of $1.43.

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A number of hedge funds have recently bought and sold shares of the company. A.R.T. Advisors LLC bought a new stake in shares of Gastar Exploration during the fourth quarter valued at about $144,000. Renaissance Technologies LLC increased its stake in shares of Gastar Exploration by 532.7% in the fourth quarter. Renaissance Technologies LLC now owns 632,554 shares of the energy company’s stock valued at $980,000 after buying an additional 532,580 shares in the last quarter. Gardner Lewis Asset Management L P increased its stake in shares of Gastar Exploration by 157.3% in the fourth quarter. Gardner Lewis Asset Management L P now owns 856,655 shares of the energy company’s stock valued at $1,328,000 after buying an additional 523,715 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Gastar Exploration during the fourth quarter valued at about $1,516,000. Finally, Fir Tree Inc. bought a new stake in shares of Gastar Exploration during the fourth quarter valued at about $3,588,000.

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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Analyst Recommendations for Gastar Exploration (NYSEMKT:GST)

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