GASTAR EXPL INC/SH (GST) Shares Gap Down to $0.13
GASTAR EXPL INC/SH (NYSEAMERICAN:GST) shares gapped down before the market opened on Monday . The stock had previously closed at $0.13, but opened at $0.13. GASTAR EXPL INC/SH shares last traded at $0.11, with a volume of 198371 shares changing hands.
GST has been the topic of a number of research analyst reports. Zacks Investment Research raised GASTAR EXPL INC/SH from a “hold” rating to a “buy” rating and set a $0.25 price target on the stock in a report on Wednesday, July 25th. Imperial Capital downgraded GASTAR EXPL INC/SH from an “in-line” rating to an “underperform” rating in a report on Tuesday, July 24th. S&P Equity Research upped their price target on GASTAR EXPL INC/SH from $0.11 to $0.13 in a report on Wednesday, July 25th. Finally, Williams Capital set a $1.00 price target on GASTAR EXPL INC/SH and gave the company a “hold” rating in a report on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $0.88.
GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last posted its earnings results on Thursday, August 9th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $10.00 million during the quarter, compared to the consensus estimate of $18.84 million.
About GASTAR EXPL INC/SH (NYSEAMERICAN:GST)
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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