Rockhopper Exploration (LON:RKH) Trading 13.2% Higher – Still a Buy?

Rockhopper Exploration plc (LON:RKH) was up 13.2% on Friday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 37 ($0.45) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The business’s fifty day moving average price is GBX 19.74 and its 200 day moving average price is GBX 16.03. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of £219.91 million, a PE ratio of 1,720.00, a PEG ratio of 0.20 and a beta of 0.87.

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.