Gastar Exploration Inc (GST) Receives $1.71 Average PT from Analysts

Gastar Exploration Inc (NYSEAMERICAN:GST) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $1.71.

GST has been the subject of several research reports. Seaport Global Securities raised shares of Gastar Exploration from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Gastar Exploration from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Wednesday, January 17th. Imperial Capital increased their price objective on shares of Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a research note on Friday, January 26th. KeyCorp reissued a “hold” rating on shares of Gastar Exploration in a research note on Monday, November 13th. Finally, UBS Group raised shares of Gastar Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in GST. Deprince Race & Zollo Inc. increased its position in Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after acquiring an additional 180,272 shares during the period. The Manufacturers Life Insurance Company increased its position in Gastar Exploration by 117.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 145,157 shares of the energy company’s stock valued at $153,000 after acquiring an additional 78,492 shares during the period. Squar Milner Financial Services LLC acquired a new position in Gastar Exploration in the 4th quarter valued at approximately $113,000. Raymond James Financial Services Advisors Inc. increased its position in Gastar Exploration by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after acquiring an additional 134,100 shares during the period. Finally, BlackRock Inc. increased its position in Gastar Exploration by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock valued at $12,647,000 after acquiring an additional 187,454 shares during the period.

Shares of Gastar Exploration (NYSEAMERICAN:GST) traded down $0.07 during trading hours on Friday, reaching $0.73. 2,175,392 shares of the company traded hands, compared to its average volume of 1,402,537. The company has a market cap of $176.03, a P/E ratio of -3.04 and a beta of 3.48. Gastar Exploration has a fifty-two week low of $0.38 and a fifty-two week high of $2.08.

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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.

Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

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