Market Overview

UPDATE: Wunderlich Securities Initiates Coverage On Gastar Exploration On Multiple Positive Factors

Related GST
With Gastar Down 25% Last Week, Canaccord Says Buy The Dip
12 Biggest Mid-Day Losers For Friday

In a report published Friday, Wunderlich Securities analyst Jason A. Wangler initiated coverage on Gastar Exploration (NYSE: GST) with a Buy rating and $9.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of Gastar Exploration, Inc. (GST) with a Buy rating and $9 target. The company has gone through a transformation with multiple acquisitions and divestitures but it is now positioned with two strong, scalable core assets in the Appalachia and Mid-Continent regions. Both core assets have the potential to see development in multiple zones due to stacked pays (multiple productive zones on the same acreage). Further, the geographic mix is solid for the commodity mix as Gastar now has exposure to all three streams and can deploy capital to the plays/commodities with the best return.

"We like the company's growth prospects from its proven Marcellus and Hunton targets and see strong upside potential in the Utica, Woodford, and Meramec formations that could generate value.”

Gastar Exploration closed on Thursday at $6.29.

Latest Ratings for GST

Sep 2017Imperial CapitalInitiates Coverage OnIn-Line
Jun 2017Seaport GlobalDowngradesBuyNeutral
Oct 2016FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for GST
View the Latest Analyst Ratings

Posted-In: Jason A. Wangler Wunderlich SecuritiesAnalyst Color Initiation Analyst Ratings


Related Articles (GST)

View Comments and Join the Discussion!

Partner Center