Gastar Exploration Inc (GST) was Initiated by Iberia to “Sector Perform”. Iberia advised their investors in a research report released on Aug 10, 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.Gastar Exploration Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Reduce” on May 17, 2016. 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 .
On the company’s financial health, Gastar Exploration Inc reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.11. The company had revenue of $12.20 million for the quarter, compared to analysts expectations of $14.99 million. The company’s revenue was down -44.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.
Gastar Exploration Inc opened for trading at $0.9302 and hit $0.97 on the upside on Monday, eventually ending the session at $0.947, with a gain of 0.76% or 0.0071 points. The heightened volatility saw the trading volume jump to 5,12,819 shares. Company has a market cap of $77 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.