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Rockhopper Exploration (LON:RKH) Hits New 12-Month High - Here's Why

Rockhopper Exploration logo with Energy background

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as GBX 63 ($0.85) and last traded at GBX 62.86 ($0.84), with a volume of 921263 shares traded. The stock had previously closed at GBX 61.80 ($0.83).

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on shares of Rockhopper Exploration from GBX 49 ($0.66) to GBX 86 ($1.15) and gave the stock a "speculative buy" rating in a report on Monday, June 9th.

Check Out Our Latest Analysis on Rockhopper Exploration

Rockhopper Exploration Stock Performance

The company has a market cap of £523.28 million, a PE ratio of 33,224.95, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27. The stock's 50-day simple moving average is GBX 52.60 and its 200 day simple moving average is GBX 43.85.

Rockhopper Exploration (LON:RKH - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Rockhopper Exploration plc will post -0.1899958 EPS for the current year.

Insiders Place Their Bets

In other Rockhopper Exploration 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 ($0.63), for a total transaction of £23,500 ($31,556.33). Company insiders own 19.22% of the company's stock.

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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