Rockhopper Exploration (LON:RKH) Hits New 52-Week High – Here’s Why

Rockhopper Exploration plc (LON:RKHGet Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 58.57 ($0.80) and last traded at GBX 53 ($0.72), with a volume of 5894476 shares. The stock had previously closed at GBX 50.80 ($0.69).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on shares of Rockhopper Exploration from GBX 49 ($0.67) to GBX 86 ($1.17) and gave the stock a “speculative buy” rating in a research report on Monday, June 9th.

Get Our Latest Stock Report on RKH

Rockhopper Exploration Stock Up 10.2%

The company has a market capitalization of £467.27 million, a price-to-earnings ratio of 29,668.77, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The firm’s 50 day moving average price is GBX 50.28 and its two-hundred day moving average price is GBX 41.59. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

Rockhopper Exploration (LON:RKHGet Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. Sell-side analysts anticipate that Rockhopper Exploration plc will post -0.1899958 earnings per share for the current fiscal year.

Insider Activity

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($32,064.40). 19.22% of the stock is currently owned by insiders.

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.

Further Reading

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