Rockhopper Exploration (LON:RKH) Price Target Raised to GBX 86 at Canaccord Genuity Group

Rockhopper Exploration (LON:RKH) had its price target boosted by Canaccord Genuity Group from GBX 49 ($0.66) to GBX 86 ($1.17) in a research report sent to investors on Monday, MarketBeat reports. They currently have a speculative buy rating on the stock.

Rockhopper Exploration Price Performance

LON:RKH opened at GBX 45 ($0.61) on Monday. 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 £360.05 million, a P/E ratio of 22,861.21, a P/E/G ratio of 0.20 and a beta of 0.87. Rockhopper Exploration has a 12 month low of GBX 12.20 ($0.17) and a 12 month high of GBX 58.01 ($0.79). The business’s 50-day moving average is GBX 47.73 and its 200 day moving average is GBX 37.73.

Rockhopper Exploration (LON:RKH) last posted its earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. On average, equities research analysts forecast that Rockhopper Exploration will post -0.1899958 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,847.13). 19.22% of the stock is owned by company insiders.

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.