Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 58.57 ($0.80) and last traded at GBX 53 ($0.72), with a volume of 5894476 shares. The stock had previously closed at GBX 50.80 ($0.69).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upped their price objective on Rockhopper Exploration from GBX 49 ($0.67) to GBX 86 ($1.17) and gave the company a "speculative buy" rating in a research report on Monday, June 9th.
Get Our Latest Stock Analysis on RKH
Rockhopper Exploration Trading Up 4.3%
The stock has a market capitalization of £424.06 million, a P/E ratio of 26,925.42, a PEG ratio of 0.20 and a beta of 0.87. The stock's fifty day moving average price is GBX 50.28 and its 200 day moving average price is GBX 41.45. 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 released its quarterly earnings data on Thursday, May 29th. The company reported GBX 7.20 ($0.10) earnings per share (EPS) for the quarter. Research analysts forecast that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current year.
Insider Activity
In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($32,073.15). 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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