Last $2.83 USD
Change Today -0.0553 / -1.91%
Volume 13.3K
As of 9:31 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

gastar exploration ltd (GST) Snapshot

Open
$2.83
Previous Close
$2.85
Day High
$2.85
Day Low
$2.82
52 Week High
06/23/14 - $9.10
52 Week Low
01/7/15 - $1.89
Market Cap
223.5M
Average Volume 10 Days
872.9K
EPS TTM
$0.38
Shares Outstanding
78.9M
EX-Date
--
P/E TM
7.4x
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, is engaged 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 developing liquids-rich natural gas in the Marcellus Shale in West Virginia; and is also in the early stages of exploring and developing the Hunton Limestone horizontal oil play in Oklahoma. As of December 31, 2013, it had 327.8 billion cubic feet of natural gas equivalent of proved reserves. 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.

63 Employees
Last Reported Date: 03/13/14

gastar exploration ltd (GST) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $989.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $534.9K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $521.9K
Compensation as of Fiscal Year 2013.

gastar exploration ltd (GST) Key Developments

Gastar Exploration Inc. Declares Monthly Cash Dividend on 8.625% Series A Preferred Stock and 10.75% Series B Preferred Stock, Payable on March 31, 2015

Gastar Exploration Inc. announced that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock and its 10.75% Series B Preferred Stock for March 2015. The dividend on the Series A Preferred Stock is payable on March 31, 2015 to holders of record at the close of business on March 13, 2015. The March 2015 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The dividend on the Series B Preferred Stock is payable on March 31, 2015 to holders of record at the close of business on March 13, 2015. The March 2015 dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock.

Gastar Exploration Inc. Declares Monthly Cash Dividend on Preferred Stocks, Payable on March 2, 2015

Gastar Exploration Inc. announced that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock and its 10.75% Series B Preferred Stock for February 2015. The dividend on the Series A Preferred Stock is payable on March 2, 2015 to holders of record at the close of business on February 13, 2015. The February 2015 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The dividend on the Series B Preferred Stock is payable on March 2, 2015 to holders of record at the close of business on February 13, 2015. The February 2015 dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock.

Gastar Exploration Inc. Announces Preliminary Production Results for the Fourth Quarter and Year Ended December 31, 2014; Revises Production and Capital Budget Guidance for the Full Year 2015

Gastar Exploration Inc. announced preliminary production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's average daily production was 11.7 MBoe/d, up 27% from the same period in 2013 and up 19% from the third quarter of 2014, due to successful drilling programs in the Mid-Continent and in the Appalachian Basin. Oil and condensate, NGLs and natural gas production as a percentage of total equivalent production volumes for the fourth quarter of 2014 was 29%, 24% and 47%, respectively. This compares to 16% from oil and condensate, 17% from NGLs and 66% from natural gas in the fourth quarter of 2013. For the year 2014, the company's preliminary production averaged 10.2 MBoe/d, an increase of 15% over full-year 2013 daily production, while total liquids production increased 76% during that same period to 48%. For the year 2015, the company revised the expectation of average daily production from 14.0 - 16.5 MBoe/d to 11.5 – 13.4 MBoe/d and liquids production from 44% - 48% to 54% - 58%. The Board of Directors has approved a reduction in the previously announced 2015 capital budget of $173 million to approximately $103 million. The most recently revised budget is comprised of $79 million of drilling, completion and infrastructure costs, $17 million in leasing costs and $7 million for capitalized interest and administration costs. The company has allocated approximately $76 million of 2015 capital budget to the Mid-Continent, of which $67 million is for drilling and completion and $9 million is for lease extensions.

 

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Industry Analysis

GST

Industry Average

Valuation GST Industry Range
Price/Earnings 26.6x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 3.4x
TEV/Sales NM Not Meaningful
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