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

Key Points

• Canaccord Genuity Group has raised its price target for Rockhopper Exploration stock from GBX 86 to GBX 90, indicating a potential upside of 16.42%.
• The stock is currently rated as a "speculative buy" by Canaccord Genuity Group.
• Rockhopper Exploration operates primarily in the UK and holds a 35% working interest in multiple production licenses in the North Falkland Basin.

Rockhopper Exploration (LON:RKH - Free Report) had its target price raised by Canaccord Genuity Group from GBX 86 to GBX 90 in a research report report published on Thursday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Rockhopper Exploration Stock Down 4.4%

Shares of LON:RKH traded down GBX 3.40 during midday trading on Thursday, hitting GBX 73.80. The stock had a trading volume of 2,803,786 shares, compared to its average volume of 3,341,246. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The business's 50-day simple moving average is GBX 74.02 and its 200-day simple moving average is GBX 56.55. Rockhopper Exploration has a 12 month low of GBX 12.20 and a 12 month high of GBX 91.60. The company has a market cap of £472.71 million, a P/E ratio of 1,013.74, a PEG ratio of 0.20 and a beta of 0.87.

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.