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Gastar Exploration (NYSEMKT:GST) target price reduced to $1.00, issued a research note today by Seaport Global Securities

In a report issued 6/21/2017 Seaport Global Securities dropped the price target of Gastar Exploration (NYSEMKT:GST) from $3.00 to $1.00 stating a potential upside of 0.04%.

Previously on 05/15/2017, Williams Capital reported about Gastar Exploration (NYSEMKT:GST) raised the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 10.11%.

Just yesterday Gastar Exploration (NYSEMKT:GST) traded 1.12% higher at $0.96. Gastar Exploration’s 50-day moving average is $0.66 and its 200-day moving average is $1.08. With the last close down -39.76% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. 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 (NYSEMKT:GST)

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

A total of 9 brokerages have issued a ratings update on Gastar Exploration. Three brokerages rating the company a strong buy, five brokerages rating the company a buy, six brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $1.84.

Brief Synopsis About Gastar Exploration (NYSEMKT: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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