Rockhopper Exploration (LON:RKH) Given “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Rockhopper Exploration (LON:RKH) in a research note released on Wednesday morning, MarketBeat reports. They currently have a GBX 37 ($0.47) target price on the stock.

Rockhopper Exploration Price Performance

LON:RKH opened at GBX 14.73 ($0.19) on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.94 and a current ratio of 1.44. The company has a 50-day moving average of GBX 13.66 and a 200-day moving average of GBX 12.32. Rockhopper Exploration has a 52 week low of GBX 10 ($0.13) and a 52 week high of GBX 15.20 ($0.19). The company has a market capitalization of £94.36 million, a price-to-earnings ratio of 300.00, a PEG ratio of 0.20 and a beta of 0.84.

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.