Gastar Exploration (GST) Receives Price Target

Gastar Exploration (GST) : 8 Wall Street analysts covering Gastar Exploration (GST) believe that the average level the stock could reach for the short term is $1.76. The maximum price target given is $2 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.44.

Gastar Exploration (GST) : The consensus on Gastar Exploration (GST) based on 11 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the iBERIA Capital Partners reinstates the rating on Gastar Exploration (NYSEMKT:GST). The brokerage firm has issued a Sector Perform rating on the shares. The rating by the firm was issued on August 10, 2016.

Gastar Exploration (NYSEMKT:GST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.93 and $0.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.94, notching a gain of 1.03% for the day. The total traded volume was 485,118 . The stock had closed at $0.93 on the previous day.

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