Marathon Asset Management Lp adds Gastar Exploration Inc (GST) to its portfolio

Gastar Exploration Inc (GST) : Marathon Asset Management Lp added new position in Gastar Exploration Inc during the most recent quarter end. The investment management firm now holds 2,218,983 shares of Gastar Exploration Inc which is valued at $2,396,502 , the company said in a statement filed on Nov 14, 2016 with the SEC.Gastar Exploration Inc makes up approximately 5.57% of Marathon Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Ubs Oconnor sold out all of its stake in GST during the most recent quarter. The investment firm sold 755,040 shares of GST which is valued $815,443. Frontier Investment Mgmt Co added GST to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $9,600.Blackrock Institutional Trust Company N.a. boosted its stake in GST in the latest quarter, The investment management firm added 25,398 additional shares and now holds a total of 1,544,454 shares of Gastar Exploration Inc which is valued at $1,482,676.Northpointe Capital boosted its stake in GST in the latest quarter, The investment management firm added 675,923 additional shares and now holds a total of 7,182,865 shares of Gastar Exploration Inc which is valued at $7,757,494. Gastar Exploration Inc makes up approx 0.84% of Northpointe Capital’s portfolio. Merriman Wealth Management added GST to its portfolio by purchasing 31,000 company shares during the most recent quarter which is valued at $34,410. Gastar Exploration Inc makes up approx 0.01% of Merriman Wealth Management’s portfolio.

Gastar Exploration Inc opened for trading at $1.12 and hit $1.26 on the upside on Monday, eventually ending the session at $1.25, with a gain of 11.61% or 0.13 points. The heightened volatility saw the trading volume jump to 41,37,754 shares. Company has a market cap of $165 M.

On the company’s financial health, Gastar Exploration Inc reported $-0.08 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus estimate of $-0.08. The company had revenue of $13.00 million for the quarter, compared to analysts expectations of $16.28 million. The company’s revenue was down -54.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on Gastar Exploration Inc. Company shares were Downgraded by FBR & Co. on Oct 21, 2016 to ” Mkt Perform”, Firm has raised the Price Target to $ 1.50 from a previous price target of $1.25 .Company shares were Reiterated by Imperial Capital on Oct 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 1.75 from a previous price target of $1.30 .Company shares were Upgraded by Williams Capital Group on Oct 20, 2016 to ” Buy”, Firm has raised the Price Target to $ 2 from a previous price target of $1.25 .

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