Gastar Exploration Inc. (GST), whose line of operation includes primarily exploration, development and production of oil and natural gas, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GST’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Gastar Exploration could be a solid choice for investors.
Current Quarter Estimates for GST
In the past 30 days, 1 estimate have gone higher for Gastar Exploration with 1 downward revision. The consensus estimate trend has been pretty favorable, with estimates increasing from 3 cents per share 30 days ago to 4 cents today, a move of 33.%.
Current Year Estimates for GST
Meanwhile, Gastar Exploration’s current year figures are also looking quite promising with 2 estimates moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 20 cents per share 30 days ago to 27 cents today, a move of 35.0%.
Bottom Line
The stock has also started to move higher lately, adding 8.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Be the first to comment