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Gastar Exploration reports 4Q loss

HOUSTON (AP) _ Gastar Exploration Inc. (GST) on Thursday reported a loss of $4.5 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 6 cents.

The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.

The independent oil and gas company posted revenue of $18.3 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $17.1 million.

For the year, the company reported that its loss narrowed to $89.1 million, or 93 cents per share. Revenue was reported as $58.3 million.

In the final minutes of trading on Thursday, the company's shares hit $1.44. A year ago, they were trading at 99 cents.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GST at https://www.zacks.com/ap/GST


Keywords: Gastar Exploration, Earnings Report