Gastar Exploration Inc (GST) is Downgraded by Sun Trust Rbsn Humphrey to Reduce

Gastar Exploration Inc (GST) was Downgraded by Sun Trust Rbsn Humphrey to ” Reduce”. Earlier the firm had a rating of “Neutral ” on the company shares. Sun Trust Rbsn Humphrey advised their investors in a research report released on May 17, 2016.

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.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 .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 $0.95 and hit $1.005 on the upside on Monday, eventually ending the session at $0.9505, with a gain of 3.30% or 0.0304 points. The heightened volatility saw the trading volume jump to 27,53,103 shares. Company has a market cap of $78 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

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