Rockhopper Exploration’s (RKH) Buy Rating Reiterated at Canaccord Genuity Group

Rockhopper Exploration (LON:RKH)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 113 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 44.50% from the company’s previous close.

Rockhopper Exploration Stock Up 8.0%

Shares of LON RKH traded up GBX 5.80 during trading on Thursday, hitting GBX 78.20. The stock had a trading volume of 10,727,156 shares, compared to its average volume of 2,741,502. Rockhopper Exploration has a 12 month low of GBX 35 and a 12 month high of GBX 93.32. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.07 and a quick ratio of 2.94. The company has a market capitalization of £671.22 million, a PE ratio of -6.94, a PEG ratio of 0.20 and a beta of 0.01. The firm has a fifty day moving average of GBX 71.21 and a two-hundred day moving average of GBX 74.77.

Insiders Place Their Bets

In other news, insider Samuel John Moody acquired 36,744 shares of Rockhopper Exploration stock in a transaction on Wednesday, January 21st. The stock was acquired at an average cost of GBX 53 per share, with a total value of £19,474.32. Company insiders own 2.54% of the company’s stock.

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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.