Gastar Exploration (GST) Announces Quarterly Earnings Results

Gastar Exploration (NYSEAMERICAN:GST) released its earnings results on Thursday. The energy company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03), Bloomberg Earnings reports. The firm had revenue of $15.48 million during the quarter, compared to the consensus estimate of $22.65 million.

Shares of Gastar Exploration (NYSEAMERICAN:GST) traded up $0.03 on Friday, hitting $0.71. The stock had a trading volume of 361,375 shares, compared to its average volume of 1,222,910. Gastar Exploration has a 52 week low of $0.38 and a 52 week high of $1.66. The company has a market capitalization of $151.07, a P/E ratio of -2.83 and a beta of 3.67.

A number of brokerages have recently issued reports on GST. Williams Capital set a $1.00 price objective on Gastar Exploration and gave the stock a “hold” rating in a research note on Friday. UBS Group upgraded Gastar Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Eurobank EFG raised Gastar Exploration from a “hold” rating to a “speculative buy” rating and set a $1.50 price objective on the stock in a report on Thursday, February 15th. Imperial Capital upped their price objective on Gastar Exploration from $1.00 to $1.50 and gave the company an “in-line” rating in a report on Friday, January 26th. Finally, Zacks Investment Research lowered Gastar Exploration from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Gastar Exploration currently has a consensus rating of “Hold” and a consensus target price of $1.89.

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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.

Earnings History for Gastar Exploration (NYSEAMERICAN:GST)

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