Gastar Exploration Inc (GST) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Gastar Exploration Inc (GST) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.18. The company posted revenue of $14.80 million in the period, 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.

Gastar Exploration Inc

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