Worth Observing Stocks: Gastar Exploration Inc. (NYSEMKT:GST)


Gastar Exploration Inc. (NYSEMKT:GST) added 11.4% and closed its last session at $1.27. The stock has the market capitalization of $167.27 Million with the total outstanding shares of 131.71 Million. Gastar Exploration Inc.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 0.

Gastar Exploration Inc. (NYSEMKT:GST) touched its 52-Week High of $2.21 on May 5, 2016 while it’s 52-Week Low of $0.57 on Feb 25, 2016. The company currently has Return on Assets of -75.1 percent, Return on Equity of 161.3% and Return on Investment of -108.2 percent. The stock currently showing Weekly Volatility of 10.02%% and Monthly Volatility of 8.53% Percent with Average True Range of 0.11 and Beta of 3.39.

The 6 analysts offering 12-month price forecasts for Gastar Exploration Inc have a median target of 1.75, with a high estimate of 2.25 and a low estimate of 1.00. The median estimate represents a +37.80% increase from the last price of 1.27.

Press Release:

The Company on 21 November declared the initial closing of the sale of certain non-core assets located in northeast Canadian and southeast Kingfisher counties, Oklahoma. Gastar received $46.4 million in the initial closing and the buyer has placed an additional $28.3 million into escrow.  Release of escrow funds to Gastar is subject to certain title curative and other conditions.

Gastar also declared that its regularly scheduled November 2016 revolving credit facility borrowing base redetermination resulted in a current borrowing base of $85 million, down from $100 million. Gastar will repay the required $15 million borrowing base reduction from proceeds of the initial closing of the non-core acreage sale. The next regularly scheduled borrowing base redetermination is to occur in May 2017.

Company Profile:

Gastar Exploration Ltd is an exploration and production company focusing on developing primarily natural gas. Gastar Exploration Ltd is based in Houston, Texas.