Gastar Exploration Inc (GST) Announces Quarterly Earnings Results, Meets Expectations

Gastar Exploration has a consensus rating of "Buy" and an average price target of $1.79. The shares have accelerated in recent weeks, with their price up about 25.38% in the past three months. Zacks Investment Research upgraded Gastar Exploration from a "hold" rating to a "buy" rating and set a $1.75 price target for the company in a research report on Monday, January 16th. Given that liquidity is king in short-term, GST is a stock with 150.81 million shares outstanding that normally trades 4.11% of its float. Canaccord Genuity set a $2.00 target price on shares of Gastar Exploration and gave the company a "buy" rating in a research note on Saturday, February 11th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock.

10/21/2016 - Gastar Exploration Inc. had its " rating reiterated by analysts at Imperial Capital. The biggest holder now is Mr. J. Russell Porter who owns 2,276,857 shares (1.45% of those outstanding), whilst Mr. Michael A. Gerlich holds 1,134,733 (0.72% of shares outstanding) and Mr. Michael McCown holds 522,673 (0.33% of shares outstanding). Renaissance Technologies LLC now owns 632,554 shares of the energy company's stock worth $980,000 after buying an additional 532,580 shares in the last quarter. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of US & worldwide trademark and copyright laws. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/03/08/gastar-exploration-inc-gst-to-release-earnings-on-thursday.html.

Gastar Exploration Inc. (NYSEMKT:GST) rose 3.91% or 0.07 points on Friday and made its way into the gainers of the day. The company maintains price to book ratio of - vs.an industry average at 0.48.

The company's stock now has 217.17 Million in market capitalization.

More news: 20 dead as tree falls on students swimming at waterfall in Ghana

The 6 analysts offering 12-month price forecasts for Gastar Exploration Inc have a median target of 2.38, with a high estimate of 4.00 and a low estimate of 1.75.

NYSEMKT:GST) was down -8.43% (-$0.15) to $1.63 and showed a volume of 2.71 mln shares. Analysts expect Gastar Exploration to post earnings of ($0.06) per share for the quarter.

Analysts are also projecting an Average Revenue Estimate for Gastar Exploration Inc.as $18.78 Million in the Current Quarter. The brokerage had Hold rating prior to this move. The business's quarterly revenue was down 19.5% on a year-over-year basis. While in the same Quarter Previous year, the Actual EPS was $-0.22.

Gastar Exploration Ltd is an exploration and production company focusing on developing primarily natural gas. 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.

Related News:



Most liked

Cowboys re-sign backup QB Kellen Moore
No terms were disclosed, though ESPN's Todd Archer reported Moore signed a one-year deal . "He fits here real well". Quarterback Kellen Moore agreed to re-sign with the Dallas Cowboys, the team announced Monday.

Oil drops on rising USA drilling, steady OPEC supply
Traders continue to worry about OPEC's ability to reduce the supply glut and extend the deal for another six months. With current supply and demand trends, OPEC can hope for, at best, a reduction of about 500,000 barrels a day.

"Ivanka Trump Sued for Alleged 'Unfair Competition" by Clothing Rival
The San Francisco-based company requests Ivanka be hit with a restraining order keeping her from selling in California at all. In an email to NBC News, a rep for the Ivanka Trump brand declined to comment on the lawsuit.

'Wonder Woman' Gal Gadot welcomes baby daughter Maya
On Sunday, Gadot shared a shot of herself striking a pose with her baby bump and husband by way of a mirror selfie. Gal Gadot and Yaron Versano arrive at the 74th Annual Golden Globe Awards in 2017.

Handgun, rifles seized from Dixon High School student
Only through the cooperation of students and quick action of our staff were we able to apprehend this person. The school is also investigating this incident and will be reviewing safety procedures as a part of this.

Jeremy Lin (ankle) not expected to play Tuesday for Brooklyn
The Dallas Mavericks are averaging 98 points on 44.1 percent shooting and allowing 100.1 points on 46.8 percent shooting. He scored 20 points off the bench, making 8-of-12 from the field. "He kind of iced it for us there", Nowitzki said.

Esperion Therapeutics, Inc. (ESPR) has Current Market Capitalizaion of $534 Million
The best target price is $45 though the lowest target is $12.5. (JUNO) to Neutral by settling a price target of $24 on 2/01/17. It is the known average of the actual calls, that is strong buy, hold, sell etc. made by the brokerages for any given stock.

Federal Bureau of Investigation head says no evidence of Trump wiretap claim
A few days after saying Clinton's emails were being investigated, the FBI cleared her of doing anything unethical. Comey said the Department of Justice as a whole also had no evidence that Trump Tower had been wiretapped .

Every 45 minutes, a child is poisoned by opioids as epidemic grows
Doctors say the study highlights the importance of making sure kids don't have access to any medications. They also said physicians need to be more discriminate about handing out prescriptions.

Family members: 10-year-old boy fatally shot at Newark home
The death marked the city's fourth fatal shooting this week, according to authorities. Prosecutors haven't filed charges in connection with the shooting.

Mauricio Pochettino pleased with Vincent Janssen, Son Heung-min contributions
Tottenham midfielder Dele Alli insists he will never apologise for his aggressive streak but says he has calmed down this season. Spurs find themselves with a firm grip on second position in the Premier League heading into the worldwide break.

4 takeaways from Day 1 of Neil Gorsuch confirmation hearings
Questions have to be pointed and require answers that don't fall into the category of cases or issues the Court may decide. Questioning will begin on Tuesday, and votes in committee and on the Senate floor are expected early next month.

Angry mob pelts stones, set police vehicles ablaze
They allegedly set afire some police vehicles and also vandalised the police station in the wee hours today, he said. TOI report revealed that stone pelting at two other police vehicles was also reported from the spot.

Watch armed police carry out an counter-terrorism exercise on the Thames
The drill saw a terrorist group hijacking a pleasure boat on the river aimed at "carrying out an attack on central London and taking hostages".

Oregon Rallies Late To Beat URI, Reach Sweet 16
Rhode Island now averages 73.7 points per game on offense while the defense gives up just 65.1 points per game. The Rams took the lead early on in the game but OR caught up for a nail biting second half.