Rockhopper Exploration plc (LON:RKH - Get Free Report) shot up 8.4% on Thursday . The stock traded as high as GBX 79.80 ($1.06) and last traded at GBX 77.60 ($1.03). 17,843,082 shares were traded during trading, an increase of 428% from the average session volume of 3,382,039 shares. The stock had previously closed at GBX 71.60 ($0.95).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upped their target price on shares of Rockhopper Exploration from GBX 49 ($0.65) to GBX 86 ($1.14) and gave the stock a "speculative buy" rating in a report on Monday, June 9th.
Read Our Latest Stock Analysis on RKH
Rockhopper Exploration Price Performance
The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of £609.88 million, a P/E ratio of 38,723.84, a P/E/G ratio of 0.20 and a beta of 0.87. The business's fifty day moving average price is GBX 55.83 and its 200-day moving average price is GBX 46.89.
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. As a group, sell-side analysts predict that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.62), for a total value of £23,500 ($31,204.36). 19.22% of the stock is currently owned by insiders.
Rockhopper Exploration Company Profile
(
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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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