Rockhopper Exploration (LON:RKH) Trading Up 13.2% – Should You Buy?

by · The Cerbat Gem

Shares of Rockhopper Exploration plc (LON:RKH – Get Free Report) rose 13.2% during mid-day trading on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 37 ($0.45) target price on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

View Our Latest Stock Analysis on Rockhopper Exploration

Rockhopper Exploration Price Performance

The stock has a market capitalization of £219.91 million, a price-to-earnings ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The company’s 50-day simple moving average is GBX 19.74 and its 200-day simple moving average is GBX 16.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94.

Rockhopper Exploration Company Profile

(Get Free Report)

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.

Recommended Stories