Rockhopper Exploration (LON:RKH) Price Target Lowered to GBX 20 at Canaccord Genuity

Rockhopper Exploration (LON:RKH) had its target price decreased by Canaccord Genuity from GBX 25 ($0.33) to GBX 20 ($0.26) in a research report report published on Tuesday, Digital Look reports. Canaccord Genuity currently has a speculative buy rating on the stock.

Separately, Peel Hunt restated an add rating on shares of Rockhopper Exploration in a report on Thursday, July 2nd.

Shares of Rockhopper Exploration stock opened at GBX 5.74 ($0.08) on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 0.55. Rockhopper Exploration has a 52-week low of GBX 4 ($0.05) and a 52-week high of GBX 22.45 ($0.29). The company has a market capitalization of $26.27 million and a P/E ratio of -1.28. The company has a 50 day moving average of GBX 6.80 and a 200 day moving average of GBX 7.47.

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 and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 95.50% interests in the PL003a production licenses; 60.50% interests in PL003b production licenses; 64.00% interests in PL004a, PL004b, and PL004c production licenses; 100% interests in PL005 production licenses; 40% interests in PL032 and PL033 production licenses in North Falkland Basin; and 100% interest in PL010-PL016, PL025-PL029, and PL031 production licenses.

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