Gastar Exploration Announces First Quarter 2016 Results
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Topeka Capital Downgrades Gastar Exploration Limited (GST) to Hold
May 6, 2016 6:57 AM EDTTopeka Capital downgraded Gastar Exploration Limited (NYSE: GST) from Buy to Hold with a price target of $2.00.
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 $2.17 yesterday.
... MoreKeyBanc Downgrades Gastar Exploration Limited (GST) to Sector Weight
May 6, 2016 6:57 AM EDTKeyBanc downgraded Gastar Exploration Limited (NYSE: GST) from Overweight to Sector Weight and removed its price target. Analyst David Deckelbaum noted the company pulled its Mid-con asset sale.
"GST reported a light 1Q16, missing production by 8% and DCPS by 15%. The Company remains... More
Gastar Exploration (GST) Misses Q1 EPS by 4c, Sales Miss; May Need Waiver on Credit Facility
May 5, 2016 4:32 PM EDTGastar Exploration (NYSE: GST) reported Q1 EPS of ($0.22), $0.04 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $14.81 million versus the consensus estimate of $17.08 million.
The company said: "At March 31, 2016, we were in compliance with all financial covenants under the revolving credit facility. We may, however, need to request a waiver of compliance with, or amendment to, certain of our financial covenants by year-end 2016, which may not be received. The absence of such relief could result in significant adverse consequences and require us to pursue various alternatives."
J. Russell Porter,... More
