Gastar Exploration Announces Oklahoma Development Agreement in Kingfisher County, Non-Core Canadian County Property Sale and Revolving Credit Facility Amendment

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Go back to Gastar Exploration Announces Oklahoma Development Agreement in Kingfisher County, Non-Core Canadian County Property Sale and Revolving Credit Facility Amendment

Imperial Capital Raises Price Target on Gastar Exploration (GST) Following Announced Transactions

October 21, 2016 7:53 AM EDT

Imperial Capital reiterated an Outperform rating on Gastar Exploration Limited (NYSE: GST), and raised the price target to $1.75 (from $1.30), following the company's announced joint development agreement and $71.0mn sale of its Southern STACK properties.

Analyst Kim Pacanovsky commented, "On 10/20/16, GST announced two transactions:... More