Gastar Exploration Inc (NYSEAMERICAN:GST) shares saw unusually-strong trading volume on Thursday . Approximately 5,410,281 shares were traded during trading, an increase of 198% from the previous session’s volume of 1,816,510 shares.The stock last traded at $1.05 and had previously closed at $0.83.

Several equities research analysts recently weighed in on GST shares. ValuEngine downgraded Gastar Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Gastar Exploration from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. KeyCorp reissued a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. Imperial Capital started coverage on Gastar Exploration in a report on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price objective on the stock. Finally, Williams Capital set a $1.00 price objective on Gastar Exploration and gave the company a “hold” rating in a report on Friday, August 4th. Two equities 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $1.54.

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

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About Gastar Exploration

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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