Gastar Exploration Inc (GST) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Gastar Exploration Inc (GST) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.11. The company posted revenue of $12.20 million in the period, compared to analysts expectations of $14.99 million. The company’s revenue was down -44.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Gastar Exploration Inc. Imperial Capital Upgraded Gastar Exploration Inc on May 17, 2016 to ” Outperform”, Price Target of the shares are set at $1.30.Gastar Exploration Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Reduce” on May 17, 2016. Shares were Reiterated by FBR Capital on May 13, 2016 to “Outperform” and Lowered the Price Target to $ 1.50 from a previous price target of $3 .

Gastar Exploration Inc opened for trading at $0.8799 and hit $0.8983 on the upside on Tusday, eventually ending the session at $0.875, with a gain of 2.05% or 0.0176 points. The heightened volatility saw the trading volume jump to 4,68,124 shares. Company has a market cap of $71 M.

In a different news, on Apr 1, 2015, Michael A Gerlich (Senior VP & CFO) sold 60,000 shares at $2.65 per share price. According to the SEC, on Mar 31, 2015, J Russell Porter (Chief Executive Officer & Pres) sold 50,000 shares at $2.64 per share price. On Mar 23, 2015, John Michael Sr Selser (director) sold 20,000 shares at $2.63 per share price, according to the Form-4 filing with the securities and exchange commission.

Gastar Exploration Inc

Leave a Reply

Gastar Exploration Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Gastar Exploration Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.