Gastar Exploration Inc (NYSEAMERICAN:GST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

A number of other research firms have also weighed in on GST. KeyCorp restated a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. ValuEngine lowered Gastar Exploration from a “sell” rating to a “strong sell” rating in a report on Monday, October 16th. Imperial Capital restated an “in-line” rating on shares of Gastar Exploration in a report on Tuesday, September 19th. Finally, Williams Capital set a $1.00 target price on Gastar Exploration and gave the company a “hold” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Gastar Exploration presently has an average rating of “Hold” and a consensus target price of $1.54.

Gastar Exploration (NYSEAMERICAN GST) opened at $0.84 on Tuesday. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million during the quarter, compared to analyst estimates of $20.06 million. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS.

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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.

Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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