Rockhopper Exploration’s (RKH) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Rockhopper Exploration (LON:RKH) in a research note published on Thursday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 113 price objective on the stock.

Rockhopper Exploration Stock Up 8.0%

Shares of RKH opened at GBX 78.20 on Thursday. The firm has a 50 day simple moving average of GBX 71.35 and a two-hundred day simple moving average of GBX 74.79. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.07 and a quick ratio of 2.94. Rockhopper Exploration has a one year low of GBX 35 and a one year high of GBX 93.32. The company has a market cap of £671.22 million, a P/E ratio of -6.94, a P/E/G ratio of 0.20 and a beta of 0.01.

Insider Activity at Rockhopper Exploration

In other Rockhopper Exploration news, insider Samuel John Moody acquired 36,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was acquired at an average cost of GBX 53 per share, for a total transaction of £19,474.32. Company insiders own 2.54% of the company’s stock.

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.