Williams Capital Reaffirms Their Hold Rating on Gastar Exploration

Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Gastar Exploration (NYSE MKT: GST) today and set a price target of $1. The company’s shares closed yesterday at $0.80.

Sorbara said:

“We expect addional details surrounding current operaons, disc ussions around improving its liquidity and its ongoing search for a new President & CEO on this morning’s (May 11 th ) conference call at 10:00 AM ET. While GST posted solid 1Q18 results and is improving results across the with significant upside across its 67,900 net acre STACK posion, we remain on the sidelines due to the ghtening financi al liquidity into year-end. We reaffirm our Hold rang and $1.00 PT . Key Points 1Q18 producon beat. GST reported 1Q18 clean EPS and DCFPS of ($0.06)/$0.02, roughly in line with our esmate of ($0.04)/$0.0 2 and Consensus of ($0.05)/$0.03.”

According to TipRanks.com, Sorbara is a 3-star analyst with an average return of 2.4% and a 52.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

Gastar Exploration has an analyst consensus of Hold, with a price target consensus of $1.

See today’s analyst top recommended stocks >>

The company has a one-year high of $1.39 and a one-year low of $0.38. Currently, Gastar Exploration has an average volume of 1M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gastar Exploration Inc. is an independent energy company, which is engaged in the exploration, development and production of oil, natural gas, condensate and natural gas liquids in the U. S. Its operates in Mid-Continent and Appalachia.