Canaccord Genuity Group Issues Positive Forecast for Rockhopper Exploration (LON:RKH) Stock Price

Rockhopper Exploration (LON:RKH - Get Free Report) had its price objective raised by analysts at Canaccord Genuity Group from GBX 49 ($0.67) to GBX 86 ($1.17) in a note issued to investors on Monday, MarketBeat.com reports. The firm currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 89.43% from the company's previous close.

Rockhopper Exploration Price Performance

RKH stock traded up GBX 0.40 ($0.01) during midday trading on Monday, reaching GBX 45.40 ($0.62). The company had a trading volume of 558,843 shares, compared to its average volume of 3,368,961. The company has a market capitalization of £363.25 million, a price-to-earnings ratio of 23,064.42, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The stock has a 50 day moving average price of GBX 47.83 and a 200-day moving average price of GBX 37.83. Rockhopper Exploration has a 1-year low of GBX 12.20 ($0.17) and a 1-year high of GBX 58.01 ($0.79). The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. Equities research analysts expect that Rockhopper Exploration will post -0.1899958 earnings per share for the current year.

Insider Transactions at Rockhopper Exploration

In other news, insider Alison Baker sold 50,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,994.55). Company insiders own 19.22% of the company's stock.

Rockhopper Exploration Company Profile

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.