Gastar Exploration Inc: Jeffrey Tannenbaum’s Fir Tree Capital Management Lp Bought Stake

February 15, 2018 - By Michael Collier

 Gastar Exploration Inc: Jeffrey Tannenbaum's Fir Tree Capital Management Lp Bought Stake

The New Jeffrey Tannenbaum’s Fir Tree Capital Management Lp Holding in Gastar Exploration Inc

Fir Tree Capital Management Lp reported SC 13G form with the SEC for Gastar Exploration Inc. Access it here: 000090266418001151. As reported by Jeffrey Tannenbaum’s Fir Tree Capital Management Lp, the filler owns 9.75% or 21,351,973 shares of the Energy–company.

Gastar Exploration Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Jeffrey Tannenbaum’s Fir Tree Capital Management Lp’s positive view for Gastar Exploration Inc. For a hedge fund managing $18.45 billion in assets and having 69+ experts this is interesting position.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Jeffrey Tannenbaum’s Fir Tree Capital Management Lp’s portfolio is in the sector.

SEC Form 13G.

Jeffrey Tannenbaum’s Fir Tree Capital Management Lp website.

Analysts await Gastar Exploration Inc. (NYSEAMERICAN:GST) to report earnings on March, 8. They expect $-0.03 EPS, up 50.00 % or $0.03 from last year’s $-0.06 per share. After $-0.05 actual EPS reported by Gastar Exploration Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

The stock decreased 5.35% or $0.0455 during the last trading session, reaching $0.8045. About 1.40 million shares traded or 2.72% up from the average. Gastar Exploration Inc. (NYSEAMERICAN:GST) has risen 14.74% since February 15, 2017 and is uptrending. It has underperformed by 1.96% the S&P500.

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. The company has market cap of $176.14 million. The Company’s principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays. It currently has negative earnings. The firm holds interests in the oil and natural gas-rich reservoirs, including the Meramec and Osage, the Oswego limestone, the Woodford shale, and Hunton limestone formations.

More news for Gastar Exploration Inc. (NYSEAMERICAN:GST) were recently published by: Prnewswire.com, which released: “Gastar Exploration Announces 68% Increase in Year-End 2017 Proved Reserves …” on February 15, 2018. Seekingalpha.com‘s article titled: “Gastar Exploration to sell Oklahoma acreage for $107M” and published on January 25, 2018 is yet another important article.

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