Gastar Exploration Inc (GST) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Gastar Exploration Inc (NYSEAMERICAN:GST) from a hold rating to a sell rating in a report released on Tuesday.

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. “

A number of other equities research analysts have also recently commented on GST. KeyCorp reaffirmed a hold rating on shares of Gastar Exploration in a report on Monday, November 13th. Imperial Capital began coverage on shares of Gastar Exploration in a report on Tuesday, September 19th. They set an in-line rating and a $1.00 price target for the company. ValuEngine raised shares of Gastar Exploration from a strong sell rating to a sell rating in a report on Monday, October 2nd. Finally, Williams Capital set a $1.00 price target on shares of Gastar Exploration and gave the stock a hold rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $1.54.

Gastar Exploration (GST) opened at $0.82 on Tuesday. 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 quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $15.30 million for the quarter, compared to the consensus estimate of $20.06 million. During the same period in the previous year, the company earned ($0.08) EPS. Gastar Exploration’s quarterly revenue was up 17.7% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “Gastar Exploration Inc (GST) Downgraded to “Sell” at Zacks Investment Research” was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/22/gastar-exploration-inc-gst-downgraded-to-sell-at-zacks-investment-research.html.

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.

Analyst Recommendations for Gastar Exploration (NYSEAMERICAN:GST)

Receive News & Ratings for Gastar Exploration Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gastar Exploration Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply