Rockhopper Exploration (LON:RKH) Reaches New 1-Year High – Here’s Why

Rockhopper Exploration plc (LON:RKH) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 27.80 ($0.35) and last traded at GBX 27.60 ($0.34), with a volume of 6944296 shares traded. The stock had previously closed at GBX 25.10 ($0.31).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The company has a market capitalization of £176.44 million, a PE ratio of 1,380.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 17.78 and its 200 day simple moving average is GBX 15.42.

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.