Gastar Exploration Inc (GST) is Upgraded by Imperial Capital to Outperform, Price Target at $1.30

Gastar Exploration Inc (GST) was Upgraded by Imperial Capital to ” Outperform” and the brokerage firm has set the Price Target at $1.30. Earlier the firm had a rating of “In-line ” on the company shares. Imperial Capital advised their investors in a research report released on May 17, 2016.

Many Wall Street Analysts have commented on Gastar Exploration Inc. 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.Gastar Exploration Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on May 6, 2016.

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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