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 July 2015.

The dividend on the Series A Preferred Stock is payable on August 31, 2015 to holders of record at the close of business on August 14, 2015.  The August 2015 dividend 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 August 31, 2015 to holders of record at the close of business on August 14, 2015.  The August 2015 dividend 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 $1.59. GST has a 1-year high of $8.24 and a 1-year low of $1.56. The stock’s 50-day moving average is $2.49 and its 200-day moving average is $2.82.

On the ratings front, Gastar Exploration has been the subject of a number of recent research reports. In a report issued on July 14, KeyBanc analyst David Deckelbaum maintained a Buy rating on GST, with a price target of $3.50, which represents a potential upside of 120.1% from where the stock is currently trading. Separately, on May 11, Wunderlich Securities’ Jason Wangler reiterated a Buy rating on the stock and has a price target of $5.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, David Deckelbaum and Jason Wangler have a total average return of -30.5% and -14.8% respectively. Deckelbaum has a success rate of 10.7% and is ranked #3703 out of 3724 analysts, while Wangler has a success rate of 28.7% and is ranked #3713.

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.