Gastar Exploration (GST) Shares Up -0.9%
Gastar Exploration Inc (NYSEAMERICAN:GST) shares shot up 0.9% on Tuesday . The company traded as high as $1.13 and last traded at $1.05. 2,486,000 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 1,789,143 shares. The stock had previously closed at $1.06.
A number of brokerages recently weighed in on GST. Imperial Capital began 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. ValuEngine upgraded shares of Gastar Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Gastar Exploration from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Gastar Exploration in a report on Monday, November 13th. Finally, Seaport Global Securities upgraded shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $1.88.
The stock has a market cap of $232.08, a price-to-earnings ratio of -5.25 and a beta of 3.47.
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.
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