Rockhopper Exploration plc (LON:RKH – Get Free Report)’s share price shot up 11.9% during mid-day trading on Friday. The stock traded as high as GBX 57.40 and last traded at GBX 57.20. Approximately 4,842,043 shares changed hands during trading, an increase of 48% from the average daily volume of 3,263,100 shares. The stock had previously closed at GBX 51.10.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lifted their price target on shares of Rockhopper Exploration from GBX 130 to GBX 135 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Rockhopper Exploration has a consensus rating of “Buy” and an average target price of GBX 135.
Rockhopper Exploration Stock Performance
The stock’s 50 day moving average price is GBX 67.38 and its 200 day moving average price is GBX 73.70. The company has a current ratio of 3.44, a quick ratio of 2.94 and a debt-to-equity ratio of 33.09. The company has a market cap of £611.69 million, a price-to-earnings ratio of 41.75, a P/E/G ratio of 0.20 and a beta of 1.18.
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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.
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