Financial

NEWS RECAP:- Gastar Exploration Inc. (NYSE:GST)

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Gastar Exploration Inc. (NYSE:GST) closed with change of -8.71% to $0.73 with the total traded volume of 1519697 shares versus to an average volume of 1.02M. The stock was up in the 5 days activity 12.17%. The one month performance of stock was 3.60%. GST shares are at -15.00% for the quarter and driving a -39.15% return over the course of the past year and is now at -30.46% since this point in 2018.  Right now GST beta is 3.38. The average volatility for the week and month was at 13.83% 8.93% respectively.

Gastar Exploration Inc. (NYSE:GST) today reported that its board of directors (the “Board”) has appointed Harry Quarls to the Board effective today.

Mr. Quarls currently serves as an independent director for Rosehill Resources Inc., a publicly traded independent oil and natural gas company, a position he has held since April 2017.  He also currently serves as chairman of the board of SH 130 Concessions Company LLC and as a director of Opal Resources LLC, privately-held companies.  Mr. Quarls served as chairman of the board for Penn Virginia Corporation, a publicly traded exploration and production company, from September 2016 until his retirement in February 2018.  He also previously served as chairman of the board of US Oil Sands Corporation and of Trident Resources Corporation, and was a director for Fairway Resources LLC.

Mr. Quarls served as managing director at Global Infrastructure Partners., a leading global, independent infrastructure investor from January 2009 until December 2017.  Additionally, Mr. Quarls served as managing director and practice leader for global energy as well as a member of the board of directors at Booz & Company, a leading international management consulting firm, from 1982 to 2007.

Mr. Quarls earned an MBA from Stanford University and also holds ScM. and Bachelors of Science degrees, both in chemical engineering, from M.I.T. and Tulane University, respectively.

Jerry Schuyler, Gastar’s Chairman of the board of directors and interim CEO, said, “On behalf of the Board of Gastar Exploration, we are very pleased to welcome Harry Quarls to the Board and look forward to benefitting from his substantial knowledge. His outstanding qualifications include considerable financial and energy investing expertise, as well as experience on the boards of numerous public and private energy companies. This level of experience will be a tremendous asset as Gastar develops its quality acreage position in the STACK Play and works to build shareholder value.”

Shares of Gastar Exploration Inc. have been recently spotted trading -47.47% off of the 52-week high price. On the other end, company shares have been noted 94.56% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 0.38 – 1.39. Switching over to some distances from popular moving averages, we see that the stock has been recorded 4.49% away from the 50 day moving average and -11.02% away from the 200 day moving average. Moving closer, we can see that shares have been trading 3.32% off of the 20-day moving average.

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