Rockhopper Exploration (LON:RKH) Shares Up 1.7% – Still a Buy?

Rockhopper Exploration plc (LON:RKH) shares traded up 1.7% during trading on Wednesday . The stock traded as high as GBX 15.80 ($0.20) and last traded at GBX 15 ($0.19). 3,941,734 shares changed hands during mid-day trading, an increase of 355% from the average session volume of 866,644 shares. The stock had previously closed at GBX 14.75 ($0.19).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 37 ($0.47) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock’s 50 day simple moving average is GBX 13.67 and its two-hundred day simple moving average is GBX 14.01. The firm has a market capitalization of £109.63 million, a PE ratio of 857.50, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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.