Rockhopper Exploration (LON:RKH) Receives "Speculative Buy" Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reissued a "speculative buy" rating for Rockhopper Exploration, with a price objective of GBX 90, indicating a potential upside of 19.19% from its current price.
• Rockhopper's stock opened at GBX 75.51, reflecting a slight increase of 0.1% on the reporting day.
• The company primarily engages in oil and gas exploration in the North Falkland Basin and currently holds a 35% working interest in multiple production licenses in the area.

Rockhopper Exploration (LON:RKH - Get Free Report)'s stock had its "speculative buy" rating reissued by Canaccord Genuity Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 90 price objective on the stock. Canaccord Genuity Group's price objective points to a potential upside of 19.19% from the company's current price.

Rockhopper Exploration Stock Up 0.1%

Shares of LON RKH opened at GBX 75.51 on Monday. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. Rockhopper Exploration has a 52 week low of GBX 12.20 and a 52 week high of GBX 91.60. The firm has a 50-day moving average price of GBX 75.24 and a 200 day moving average price of GBX 58.17. The stock has a market capitalization of £483.67 million, a price-to-earnings ratio of 1,037.25, a price-to-earnings-growth 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.

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