Analyst Rating Update on Gastar Exploration (GST)

Gastar Exploration (NYSEMKT:GST) : 12 analysts are covering Gastar Exploration (NYSEMKT:GST) and their average rating on the stock is 2.25, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gastar Exploration (NYSEMKT:GST) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Imperial Capital upgrades their rating on the shares of Gastar Exploration (NYSEMKT:GST). The current rating of the shares is Outperform. Earlier, the shares were rated a In-line by the brokerage firm. Equity Analysts at the Firm maintains the price target to $1.3 per share. The rating by the firm was issued on May 17, 2016.

Gastar Exploration (NYSEMKT:GST): stock turned positive on Tuesday. Though the stock opened at $0.95, the bulls momentum made the stock top out at $1.03 level for the day. The stock recorded a low of $0.9336 and closed the trading day at $0.98, in the green by 6.52%. The total traded volume for the day was 1,159,530. The stock had closed at $0.92 in the previous days trading.

In an insider trading activity, Gerlich Michael A, officer (Senior VP & CFO) of Gastar Exploration Inc., unloaded 60,000 shares at an average price of $2.65 on April 1, 2015. The total amount of the transaction was worth $159,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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