Gastar Exploration Limited is an AMEX listed security that has been trading in a range between $1.50 and $3.14 over the past year. With 205,341,400 shares outstanding, a recent price of $2.13 gives a total market capitalization of $420,539,207. While there are certainly larger companies, Gastar Exploration Limited has definitely earned its place in the pack. Last year, Gastar Exploration Limited created $-0.23 in earnings for every share outstanding.
Gastar Exploration Limited is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Gastar Exploration Limited is unlikely to be an interesting value proposition.
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