Gastar Exploration Inc. ( GST ) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 18.96% since May 7.
This oil exploration and production company witnessed 2 upward revisions over the past 60 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Gastar Exploration carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks in the same industry include Enerplus Corporation ( ERF ), ARC Resources Ltd. ( AETUF ), and Bellatrix Exploration Ltd. ( BXE ). While Enerplus Corp. sports a Zacks Rank #1 (Strong Buy), ARC Resources and Bellatrix Exploration hold a Zacks Rank #2 (Buy).
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