Rockhopper Exploration (LON:RKH - Get Free Report) had its price objective raised by analysts at Canaccord Genuity Group from GBX 49 ($0.66) to GBX 86 ($1.16) in a report issued on Monday,Digital Look reports. The brokerage currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 90.09% from the company's current price.
Rockhopper Exploration Stock Performance
Shares of Rockhopper Exploration stock opened at GBX 45.24 ($0.61) on Monday. The business has a fifty day simple moving average of GBX 47.84 and a two-hundred day simple moving average of GBX 37.51. The firm has a market capitalization of £361.98 million, a P/E ratio of 22,983.64, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. Rockhopper Exploration has a 12 month low of GBX 12.20 ($0.17) and a 12 month high of GBX 58.01 ($0.79).
Rockhopper Exploration (LON:RKH - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share for the quarter. On average, equities analysts forecast that Rockhopper Exploration will post -0.1899958 earnings per share for the current fiscal year.
Insider Transactions at Rockhopper Exploration
In other news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,808.34). 19.22% of the stock is owned by insiders.
About Rockhopper Exploration
(
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.
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