Gastar Exploration (GST) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Gastar Exploration (NYSEAMERICAN:GST) from a hold rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $1.50 target price on the energy company’s stock.
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 brokerages also recently commented on GST. Seaport Global Securities upgraded Gastar Exploration from a neutral rating to a buy rating in a report on Tuesday, December 19th. KeyCorp restated a hold rating on shares of Gastar Exploration in a report on Monday, November 13th. ValuEngine downgraded Gastar Exploration from a sell rating to a strong sell rating in a report on Monday, October 16th. Finally, Imperial Capital restated an in-line rating on shares of Gastar Exploration in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $15.30 million during the quarter, compared to analysts’ expectations of $20.06 million. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share.
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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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