Rockhopper Exploration (LON:RKH) Given Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Rockhopper Exploration (LON:RKH - Free Report) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 49 ($0.66) price target on the stock.

Rockhopper Exploration Trading Down 3.3%

Shares of RKH traded down GBX 1.80 ($0.02) during trading hours on Thursday, hitting GBX 52.20 ($0.70). 2,460,879 shares of the stock traded hands, compared to its average volume of 3,363,322. The firm has a market capitalization of £417.66 million, a PE ratio of 26,519.00, a price-to-earnings-growth 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 1-year low of GBX 12.20 ($0.16) and a 1-year high of GBX 58.01 ($0.78). The business has a fifty day moving average of GBX 47.84 and a 200-day moving average of GBX 36.33.

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

About Rockhopper Exploration

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.