Rockhopper Exploration’s (RKH) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Rockhopper Exploration (LON:RKH) in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 37 ($0.50) price objective on the stock.

Rockhopper Exploration Trading Down 1.3 %

Shares of Rockhopper Exploration stock opened at GBX 13.58 ($0.18) on Thursday. The firm’s 50 day simple moving average is GBX 14.24 and its two-hundred day simple moving average is GBX 13.87. The firm has a market capitalization of £86.96 million, a price-to-earnings ratio of -1,357.50, a PEG ratio of 0.20 and a beta of 0.87. 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 has a 12-month low of GBX 10 ($0.13) and a 12-month high of GBX 15.45 ($0.21).

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.