Rockhopper Exploration (LON:RKH) Shares Up 13.2% – Time to Buy?

by · The Cerbat Gem

Rockhopper Exploration plc (LON:RKH – Get Free Report) shares traded up 13.2% during mid-day trading on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 9,515,748 shares were traded during mid-day trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 37 ($0.45) target price on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

View Our Latest Stock Analysis on Rockhopper Exploration

Rockhopper Exploration Stock Performance

The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of £219.91 million, a price-to-earnings ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The firm’s 50-day moving average is GBX 19.74 and its 200 day moving average is GBX 16.03.

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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