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Canaccord Genuity Starts Gastar Exploration Limited (GST) at Buy

December 1, 2015 7:47 AM EST
Get Alerts GST Hot Sheet
Price: $0.06 --0%

Rating Summary:
    6 Buy, 5 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Canaccord Genuity initiates coverage on Gastar Exploration Limited (NYSE: GST) with a Buy rating and a price target of $2.00.

Canaccord Genuity analyst Stephen Berman said "GST is on the verge of becoming an almost pure Mid-Continent play with oily assets in some of the best emerging areas of Oklahoma. The company has had strong drilling results in the Hunton Limestone, and has drilled its first STACK well in the emerging Meramec play. Monetization of the company's Marcellus and Utica Shale assets in Appalachia, certain of which are on the market, would help enhance GST's financial position, with proceeds used to delever the balance sheet and/or be reinvested in the Mid-Con assets. We initiate coverage of GST with a BUY rating and $2.00 price target."

For an analyst ratings summary and ratings history on Gastar Exploration Limited click here. For more ratings news on Gastar Exploration Limited click here.

Shares of Gastar Exploration Limited closed at $1.10 yesterday.



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