Equities analysts expect Gastar Exploration Inc (NYSE:GST) to announce ($0.04) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Gastar Exploration’s earnings. Gastar Exploration reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is scheduled to report its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Gastar Exploration will report full year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.18) to ($0.16). For the next year, analysts forecast that the business will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.20) to ($0.12). Zacks’ EPS averages are an average based on a survey of analysts that follow Gastar Exploration.

Gastar Exploration (NYSE:GST) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $22.60 million during the quarter, compared to analysts’ expectations of $18.78 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The company’s revenue was up 85.2% on a year-over-year basis.

Several research firms have commented on GST. Williams Capital set a $1.00 price objective on shares of Gastar Exploration and gave the company a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of Gastar Exploration from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Finally, Seaport Global Securities cut shares of Gastar Exploration from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.00 to $1.00 in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Gastar Exploration presently has a consensus rating of “Hold” and a consensus target price of $1.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its position in shares of Gastar Exploration by 9.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,011,084 shares of the company’s stock valued at $936,000 after buying an additional 85,100 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Gastar Exploration by 439.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 599,986 shares of the company’s stock valued at $555,000 after buying an additional 488,849 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Gastar Exploration during the 2nd quarter valued at about $163,000. Schwab Charles Investment Management Inc. raised its position in shares of Gastar Exploration by 124.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 540,300 shares of the company’s stock valued at $501,000 after buying an additional 300,000 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Gastar Exploration during the 2nd quarter valued at about $286,000.

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Shares of Gastar Exploration (GST) traded up 0.5833% on Friday, hitting $0.6035. The stock had a trading volume of 1,231,201 shares. The stock’s market cap is $120.43 million. The company has a 50 day moving average price of $0.68 and a 200-day moving average price of $1.09. Gastar Exploration has a 12 month low of $0.38 and a 12 month high of $2.19.

Gastar Exploration Company Profile

Gastar Exploration Inc, an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.

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