Stock analysts at Imperial Capital started coverage on shares of Gastar Exploration Inc (NYSE:GST) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set an “in-line” rating and a $1.00 price target on the stock. Imperial Capital’s price objective would indicate a potential upside of 49.30% from the stock’s current price.

Several other brokerages have also recently commented on GST. Seaport Global Securities cut shares of Gastar Exploration from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.00 to $1.00 in a report on Wednesday, June 21st. Zacks Investment Research lowered shares of Gastar Exploration from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Finally, Williams Capital set a $1.00 price target on shares of Gastar Exploration and gave the stock a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Gastar Exploration presently has a consensus rating of “Hold” and a consensus target price of $1.40.

Gastar Exploration (NYSE:GST) opened at 0.6698 on Tuesday. The stock’s 50 day moving average is $0.65 and its 200-day moving average is $1.06. Gastar Exploration has a 12-month low of $0.38 and a 12-month high of $2.19. The company’s market cap is $133.66 million.

Gastar Exploration (NYSE:GST) last announced its earnings results on Thursday, August 3rd. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The company had revenue of $22.60 million for the quarter, compared to analyst estimates of $18.78 million. During the same period last year, the firm earned ($0.12) EPS. The company’s revenue was up 85.2% compared to the same quarter last year. Analysts predict that Gastar Exploration will post ($0.17) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new stake in Gastar Exploration during the second quarter worth $163,000. Verition Fund Management LLC raised its position in Gastar Exploration by 7.8% during the second quarter. Verition Fund Management LLC now owns 250,000 shares of the company’s stock worth $232,000 after acquiring an additional 18,107 shares in the last quarter. Wells Fargo & Company MN raised its position in Gastar Exploration by 2.4% during the second quarter. Wells Fargo & Company MN now owns 254,924 shares of the company’s stock worth $236,000 after acquiring an additional 6,000 shares in the last quarter. California State Teachers Retirement System bought a new stake in Gastar Exploration during the second quarter worth $286,000. Finally, Teachers Advisors LLC bought a new stake in Gastar Exploration during the second quarter worth $294,000.

About Gastar Exploration

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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