Earnings News

Stock to Track:- Gastar Exploration Inc (NYSE:GST)

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Gastar Exploration Inc (NYSE:GST) Stock to Track  soared 22.48% and closed at 0.8 on Wednesday. The stock opened the session at $0.67 and touched its highest price point at $0.8. Its recent trading capacity is 3,288,441 shares versus to its average trading volume of 883023 shares. The company’s stock’s lowest price point for the session stood at $0.65.GST traded as low as $ 0.38 in the past 52 weeks, and shares hit its peak level to $1.4.

Gastar Exploration Inc. (NYSE:GST) reported today that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock (“Series A Preferred Stock to Track“) and its 10.75% Series B Preferred Stock (“Series B Preferred Stock”) for May 2018.

The dividend on the Series A Preferred Stock and Series B Preferred Stock is payable on May 31, 2018 to holders of record at the close of business on May 21, 2018.

The Series A Preferred Stock to Track May 2018 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.1796875 per share, based on the $25.00 per share liquidation preference.  The Series A Preferred Stock is currently listed on the NYSE American and trades under the ticker symbol “GST.PRA.”

Shares of Gastar Exploration Inc. have been recently spotted trading -43.14%. Off of the 52-week high price. On the other end, company shares have been noted 112.12%. Away from the low price over the last 52-weeks. 52 week range of the stock remained $ 0.38 – 1.40. Switching over to some distances from popular moving averages, we see that the Stock to Track has been recorded. 14.51% away from the 50 day moving average and -3.08% away from the 200 day moving average. Moving closer, we can see that shares have been trading 13.95% off of the 20-day moving average.

Gastar Exploration

Gastar Exploration Inc. is an independent energy company engaged in the exploration. Development and production of oil, condensate, natural gas and natural gas liquids in the United States. Gastar’s principal business activities include the identification, acquisition. Subsequent exploration and development of oil and natural gas properties. An emphasis on unconventional reserves, such as shale resource plays.

In Oklahoma, Gastar is currently pursuing development within the primarily oil-bearing reservoirs. The Hunton Limestone horizontal play and will test other prospective formations on the same acreage. Including the Woodford Shale and the Meramec Shale, which Gastar refers to as the Mid-Continent Stack Play.

In West Virginia, Gastar is continuing the development of liquids-rich natural gas. The Marcellus Shale and is beginning to drill the dry gas Utica Shale play on its acreage. The Company is publicly traded on the NYSE MKT exchange under the ticker symbol GST. Its Series A Preferred Stock and Series B Preferred Stock are traded under the ticker symbols GST.PRA and GST.PRB.

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