Stock Update (NYSEMKT:GST): Gastar Exploration Inc Declares Monthly Cash Dividend


Gastar Exploration Inc (NYSEMKT:GST) announced that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock (“Series A Preferred Stock”) and its 10.75% Series B Preferred Stock (“Series B Preferred Stock”) for September 2015.

The dividend on the Series A Preferred Stock is payable on September 30, 2015 to holders of record at the close of business on September 15, 2015.  The September 2015dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock.  The Series A Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol “GST.PRA.”

The dividend on the Series B Preferred Stock is payable on September 30, 2015 to holders of record at the close of business on September 15, 2015.  The September 2015dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock.  The Series B Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol “GST.PRB.” (Original Source)

Shares of Gastar Exploration closed yesterday at $1.54. GST has a 1-year high of $7.95 and a 1-year low of $1. The stock’s 50-day moving average is $1.58 and its 200-day moving average is $2.63.

On the ratings front, Gastar Exploration has been the subject of a number of recent research reports. In a report issued on August 20, Noble Financial analyst Philip Dodge downgraded GST to Hold. Separately, on July 14, KeyBanc’s David Deckelbaum maintained a Buy rating on the stock and has a price target of $3.50.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Philip Dodge and David Deckelbaum have a total average return of -43.9% and -31.5% respectively. Dodge has a success rate of 0.0% and is ranked #3641 out of 3748 analysts, while Deckelbaum has a success rate of 10.7% and is ranked #3723.

Gastar Exploration Inc is an independent energy company. It is engaged in the exploration, development and production of oil, condensate, natural gas and NGLs in the US.