Brokers Offer Predictions for GASTAR EXPL INC/SH’s Q3 2018 Earnings (GST)

GASTAR EXPL INC/SH (NYSEAMERICAN:GST) – Imperial Capital reduced their Q3 2018 earnings estimates for shares of GASTAR EXPL INC/SH in a research report issued to clients and investors on Monday, August 13th. Imperial Capital analyst J. Wangler now expects that the energy company will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.06). Imperial Capital has a “Underperform” rating on the stock. Imperial Capital also issued estimates for GASTAR EXPL INC/SH’s Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.27) EPS and FY2019 earnings at ($0.31) EPS.

GASTAR EXPL INC/SH (NYSEAMERICAN:GST) last posted its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $10.00 million for the quarter, compared to the consensus estimate of $18.84 million.



A number of other brokerages have also issued reports on GST. Zacks Investment Research upgraded shares of GASTAR EXPL INC/SH from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a research note on Wednesday, July 25th. S&P Equity Research lifted their price target on shares of GASTAR EXPL INC/SH from $0.11 to $0.13 in a research note on Wednesday, July 25th. Finally, Williams Capital set a $1.00 price target on shares of GASTAR EXPL INC/SH and gave the stock a “hold” rating in a research note on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $0.88.

GST opened at $0.10 on Wednesday. GASTAR EXPL INC/SH has a 52-week low of $0.09 and a 52-week high of $1.39.

Several large investors have recently modified their holdings of GST. Deutsche Bank AG increased its stake in GASTAR EXPL INC/SH by 122.1% during the fourth quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock valued at $421,000 after purchasing an additional 221,437 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in GASTAR EXPL INC/SH by 37.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 497,432 shares of the energy company’s stock valued at $340,000 after purchasing an additional 135,600 shares during the last quarter. LMR Partners LLP bought a new stake in GASTAR EXPL INC/SH during the second quarter valued at $285,000. Paloma Partners Management Co bought a new stake in GASTAR EXPL INC/SH during the second quarter valued at $492,000. Finally, Geode Capital Management LLC increased its stake in GASTAR EXPL INC/SH by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 1,455,720 shares of the energy company’s stock valued at $1,528,000 after purchasing an additional 88,528 shares during the last quarter.

GASTAR EXPL INC/SH Company Profile

Gastar Exploration Inc, an independent energy company, engages in the exploration, development and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.

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Earnings History and Estimates for GASTAR EXPL INC/SH (NYSEAMERICAN:GST)

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