Canaccord Genuity Group Reaffirms Speculative Buy Rating for Rockhopper Exploration (LON:RKH)

Rockhopper Exploration (LON:RKH)‘s stock had its “speculative buy” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Monday, Marketbeat reports. They currently have a GBX 90 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 18.73% from the stock’s current price.

Rockhopper Exploration Trading Up 0.5%

LON:RKH opened at GBX 75.80 on Monday. The company has a market cap of £485.52 million, a PE ratio of 1,041.21, a PEG ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. Rockhopper Exploration has a one year low of GBX 12.20 and a one year high of GBX 91.60. The firm has a 50-day moving average of GBX 75.48 and a 200-day moving average of GBX 58.29.

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.