Gastar Exploration Inc (GST) Position Maintained by Croft Leominster Inc.
Croft Leominster Inc. maintained its stake in shares of Gastar Exploration Inc (NYSE:GST) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the company’s stock at the close of the 2nd quarter. Croft Leominster Inc. owned approximately 0.06% of Gastar Exploration worth $193,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the stock. Ares Management LLC boosted its holdings in shares of Gastar Exploration by 92.8% during the 2nd quarter. Ares Management LLC now owns 56,712,088 shares of the company’s stock worth $52,515,000 after buying an additional 27,303,783 shares during the period. Vanguard Group Inc. boosted its holdings in Gastar Exploration by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,125,376 shares of the company’s stock valued at $6,598,000 after purchasing an additional 1,351,505 shares during the period. California Public Employees Retirement System boosted its holdings in Gastar Exploration by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 2,653,900 shares of the company’s stock valued at $2,458,000 after purchasing an additional 48,500 shares during the period. State Street Corp boosted its holdings in Gastar Exploration by 1,952.7% in the 2nd quarter. State Street Corp now owns 2,327,220 shares of the company’s stock valued at $2,154,000 after purchasing an additional 2,213,844 shares during the period. Finally, Northern Trust Corp boosted its holdings in Gastar Exploration by 715.6% in the 2nd quarter. Northern Trust Corp now owns 1,920,593 shares of the company’s stock valued at $1,779,000 after purchasing an additional 1,685,101 shares during the period.
Gastar Exploration Inc (GST) traded down 3.4133% during mid-day trading on Friday, reaching $0.7527. 198,730 shares of the company’s stock were exchanged. The company has a 50-day moving average of $0.71 and a 200-day moving average of $0.98. Gastar Exploration Inc has a 52-week low of $0.38 and a 52-week high of $2.19. The stock’s market cap is $150.20 million.
Gastar Exploration (NYSE:GST) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $22.60 million for the quarter, compared to the consensus estimate of $18.78 million. During the same period in the prior year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts anticipate that Gastar Exploration Inc will post ($0.16) earnings per share for the current year.
GST has been the subject of a number of recent research reports. Imperial Capital initiated coverage on shares of Gastar Exploration in a report on Tuesday, September 19th. They issued an “in-line” rating and a $1.00 price objective for the company. Seaport Global Securities downgraded shares of Gastar Exploration from a “buy” rating to a “neutral” rating and cut their price objective for the company from $3.00 to $1.00 in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Gastar Exploration from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Gastar Exploration currently has an average rating of “Hold” and an average target price of $1.40.
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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