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

FBR Capital Downgrades Gastar Exploration Limited (GST) to Market Perform

FBR Capital downgraded Gastar Exploration Limited (NYSE: GST) from Outperform to Market Perform with a price target of $1.50 (from $1.25).

Analyst Chad Mabry commented, "We are downgrading shares of Gastar Exploration (GST) to Market Perform on valuation. Since we last affirmed our Outperform rating on... More

Unusual 11 Mid-Day Movers 10/20: (DRWI) (MBRX) (SPU) Higher; (RIGL) (FLXS) (DXPE) Lower

DragonWave Inc. (Nasdaq: DRWI) 100.5% HIGHER; announced Sprint has selected its microwave backhaul equipment for network deployment as part of the company's densification and optimization strategy.

Moleculin Biotech, Inc., (Nasdaq: MBRX) 36.8% HIGHER; rising ahead of an Annamycin-related conference call later on Thursday night.

SkyPeople Fruit Juice, Inc. (Nasdaq: SPU) 21.1% HIGHER; announced that it has requested a hearing before the NASDAQ Hearings Panel to appeal the delisting... More

Gastar Exploration (GST) Inks Agreement for STACK Play Development; Amends Revolving Facility

Gastar Exploration Inc. (NYSE: GST) announced that it has executed a definitive agreement with a large private global investment fund ("Investor") to jointly develop up to 60 Gastar operated wells in the STACK Play in Kingfisher County, Oklahoma ("Development Agreement"). The drilling program ("Drilling Program") will target the Meramec and Osage formations within the Mississippi Lime on a contract area within three townships covering approximately 18,000 undeveloped net mineral acres under leases held by Gastar. Gastar will be the operator of all wells jointly developed under the Development Agreement.

Under the Development Agreement, the Investor... More