Gastar Exploration Inc (GST) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Gastar Exploration Inc. Topeka Capital Markets Downgraded Gastar Exploration Inc on May 6, 2016 to ” Hold”, Price Target of the shares are set at $2.
On the company’s financial health, Gastar Exploration Inc reported $-0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.18. The company had revenue of $14.80 million for the quarter, compared to analysts expectations of $15.80 million. The company’s revenue was down -57.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.
Gastar Exploration Inc opened for trading at $1.95 and hit $2.05 on the upside on Wednesday, eventually ending the session at $2.01, with a gain of 2.55% or 0.05 points. The heightened volatility saw the trading volume jump to 11,03,018 shares. Company has a market cap of $164 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.