Gastar Exploration (NYSEAMERICAN:GST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $1.50 price objective on the energy company’s stock. Zacks Investment Research‘s price target points to a potential upside of 26.05% from the stock’s current price.
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. “
Other equities analysts have also issued reports about the stock. Imperial Capital started coverage on shares of Gastar Exploration in a research report on Tuesday, September 19th. They set an “in-line” rating and a $1.00 price target on the stock. ValuEngine raised shares of Gastar Exploration from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Gastar Exploration in a research report on Monday, November 13th. Finally, Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.82.
Gastar Exploration (NYSEAMERICAN:GST) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $15.30 million for the quarter, compared to the consensus estimate of $20.06 million. Gastar Exploration’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share.
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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