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Gastar Exploration Inc (NYSE:GST) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Gastar Exploration Inc (NYSE:GST) to Neutral in a statement released on Wednesday June 21, 2017.

On 02/06/2017, Seaport Global Securities released a statement for Gastar Exploration Inc (NYSE:GST) bumped up the target price from $0.00 to $3.00 that suggested an upside of 0.85%.

Boasting a price of $0.90, Gastar Exploration Inc (NYSE:GST) traded 1.12% higher on the day. With the last stock price close down -39.76% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Gastar Exploration Inc has recorded a 50-day average of $0.66 and a two hundred day average of $1.08. Volume of trade was down over the average, with 1,897,522 shares of GST changing hands under the typical 2,381,710

Performance Chart

Gastar Exploration Inc (NYSE:GST)

With a total market value of $0, Gastar Exploration Inc has with a one year low of $0.38 and a one year high of $2.19 .

A total of 9 brokers have issued a report on the company. 3 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $1.84.

General Information About Gastar Exploration Inc (NYSE:GST)

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. The company holds interests in the oil and natural gas-rich reservoirs, including the Meramec and Osage, the Oswego limestone, the Woodford shale, and Hunton limestone formations. As of December 31, 2016, its principal assets included the STACK play covering approximately 83,800 net acres located in the Mid-Continent area of the United States, as well as approximately 14,500 net acres in the Appalachian Basin in West Virginia. The company was formerly known as Gastar Exploration Ltd. and changed its name to Gastar Exploration Inc. in January 2014. Gastar Exploration Inc. is based in Houston, Texas.

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