Rockhopper Exploration (LON:RKH) Sets New 52-Week High – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) reached a new 52-week high on Wednesday . The company traded as high as GBX 93.32 and last traded at GBX 83.80, with a volume of 4670049 shares changing hands. The stock had previously closed at GBX 87.40.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 90 target price on shares of Rockhopper Exploration in a report on Monday, September 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Rockhopper Exploration presently has a consensus rating of “Buy” and an average target price of GBX 90.

Rockhopper Exploration Trading Down 4.0%

The firm has a market cap of £461.90 million, a PE ratio of -6.36, a PEG ratio of 0.20 and a beta of 0.87. The firm has a fifty day simple moving average of GBX 78.21 and a two-hundred day simple moving average of GBX 69.87. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

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.