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Last $3.08 USD
Change Today -0.03 / -0.96%
Volume 358.8K
GST On Other Exchanges
Symbol
Exchange
Stuttgart
NYSE Amex
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

gastar exploration ltd (GST) Snapshot

Open
$3.05
Previous Close
$3.11
Day High
$3.17
Day Low
$3.02
52 Week High
06/23/14 - $9.10
52 Week Low
01/7/15 - $1.89
Market Cap
242.9M
Average Volume 10 Days
717.1K
EPS TTM
$0.18
Shares Outstanding
78.9M
EX-Date
--
P/E TM
17.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for GASTAR EXPLORATION LTD (GST)

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gastar exploration ltd (GST) Details

Gastar Exploration Inc., an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays. The company is also developing the primarily oil-bearing reservoirs of the Hunton Limestone horizontal oil play in Oklahoma; and liquids-rich natural gas in the Marcellus Shale in West Virginia. As of December 31, 2014, its principal assets included approximately 51,300 net acres in the Appalachian Basin in West Virginia and southwestern Pennsylvania, as well as 117,800 net acres in the Mid-Continent area of the U.S. in the state of Oklahoma. The company was formerly known as Gastar Exploration Ltd. and changed its name to Gastar Exploration Inc. in January 2014. Gastar Exploration Inc. is based in Houston, Texas.

57 Employees
Last Reported Date: 03/12/15

gastar exploration ltd (GST) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $585.4K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $585.4K
Compensation as of Fiscal Year 2014.

gastar exploration ltd (GST) Key Developments

Gastar Exploration Inc. Reports Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Retires Production Guidance for the Full Year 2015 and Provides Guidance for the Second Quarter of 2015

Gastar Exploration Inc. reported consolidated earnings results for eh first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $34,372,000 compared with $32,327,000 for the same period last year. Income from operations was $8,172,000 compared with $8,497,000 for the same period last year. Income before provision for income taxes was $614,000 compared with $1,611,000 for the same period last year. Net loss attributable to common stockholders was $3,004,000 or $0.04 diluted per share compared with $1,965,000 $0.03 diluted per share for the same period last year. Adjusted earnings before interest, income taxes, depreciation, depletion and amortization ("adjusted EBITDA") for the first quarter of 2015 was $20.0 million, a decrease of 23% compared to $25.9 million for both the first quarter of 2014 and the fourth quarter of 2014. Net cash provided by operating activities was $33,123,000 compared with $23,052,000 for the same period last year. Purchase of furniture and equipment was $3,000 compared with $148,000 for the same period last year. Average daily production for the first quarter of 2015 was 12,600 barrels of oil equivalent per day (on a 6:1 gas (Mcf) to liquids (barrel) equivalent basis) as compared to 9,700 Boe/d in the first quarter of 2014 and 11,700 Boe/d in the fourth quarter of 2014. Total production for the quarter was 1,135 MBoe compared with 870 MBoefor the same period last year. Oil and condensate production was 1,367 MBbl compared with 203 MBbl for the same period last year. Natural gas was 3,295 MBbl compared with 3,072 MBbl for the same period last year. NGLs was 219 MBoe compared with 870 MBoe for the same period last year. The company is reiterating its previously issued guidance for the full year 2015 and providing the following guidance for the second quarter of 2015. For the second quarter, the company expected net average daily of 12.5 MBoe/d to 13.1 MBoe/d. The company expects total liquids as a percentage of production to be in the range of 51% to 54%. Production guidance for the second quarter was negatively impacted by Appalachia third-party midstream curtailments resulting from an April pipeline leak. For the full year of 2015, the company expected net average daily of 11.5 MBoe/d to 13.4 MBoe/d of which liquids presents -- percentage is projected to range from 51% to 55%.

Gastar Exploration Agrees to Sell Non-Core Assets in Oklahoma, US

Gastar Exploration has entered into a purchase and sale agreement to sell certain non-core assets in Oklahoma to an undisclosed private third party for approximately $46.2 million, subject to certain adjustments and customary closing conditions. The transaction is expected to close on or before June 22, 2015, with a property sale effective date of April 1, 2015. The assets to be sold include approximately 29,300 gross (19,000 net) acres in Kingfisher County, Oklahoma. For the most recent three months ended March 31, 2015, net production from the associated acreage averaged approximately 170 barrels of oil equivalent per day from 38 gross (16.7 net) wells, of which 57% was natural gas. At December 31, 2014, proved reserves attributable to the acreage was 379,000 Boe, of which 63% was natural gas.

Gastar Exploration Seeks Acquisitions

Gastar Exploration Inc. (AMEX:GST) is looking for acquisition opportunities. Gastar has announced a fixed-income offering in the amount of $50 million and intend to use the net proceeds from this offering for general corporate purposes, which may include repayment of all or a portion of any borrowings outstanding on our revolving credit facility, which were incurred to partially fund working capital, capital expenditures and acquisitions, and may be reborrowed for such purposes

 

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Industry Analysis

GST

Industry Average

Valuation GST Industry Range
Price/Earnings 6.2x
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow 2.6x
TEV/Sales NM Not Meaningful
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