Gastar Exploration Inc (GST) Given “Hold” Rating at KeyCorp

KeyCorp reaffirmed their hold rating on shares of Gastar Exploration Inc (NYSEAMERICAN:GST) in a research report released on Monday.

A number of other research firms have also weighed in on GST. ValuEngine lowered shares of Gastar Exploration from a sell rating to a strong sell rating in a research report on Monday, October 16th. Imperial Capital reaffirmed an in-line rating on shares of Gastar Exploration in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of Gastar Exploration from a hold rating to a strong sell rating in a research report on Tuesday, July 18th. Finally, Williams Capital set a $1.00 price objective on shares of Gastar Exploration and gave the company a hold rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Gastar Exploration presently has an average rating of Hold and an average price target of $1.54.

Shares of Gastar Exploration (NYSEAMERICAN:GST) traded down $0.08 during trading hours on Monday, reaching $0.80. 879,300 shares of the company were exchanged, compared to its average volume of 1,859,078. Gastar Exploration has a 12-month low of $0.38 and a 12-month high of $2.19.

Gastar Exploration (NYSEAMERICAN:GST) last released its earnings results on Wednesday, November 8th. The energy company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $20.06 million. Gastar Exploration’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share.

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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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