Insider Buying: Rockhopper Exploration (LON:RKH) Insider Acquires £19,474.32 in Stock

Rockhopper Exploration plc (LON:RKH) insider Samuel John Moody acquired 36,744 shares of Rockhopper Exploration stock in a transaction that occurred on Wednesday, January 21st. The shares were purchased at an average cost of GBX 53 per share, for a total transaction of £19,474.32.

Rockhopper Exploration Stock Performance

LON:RKH opened at GBX 72 on Wednesday. The firm’s 50 day moving average is GBX 74.69 and its two-hundred day moving average is GBX 74.36. The company has a market cap of £464.21 million, a P/E ratio of -6.39, a P/E/G ratio of 0.20 and a beta of 0.87. Rockhopper Exploration plc has a fifty-two week low of GBX 32.50 and a fifty-two week high of GBX 93.32. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 90 price target 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 90.

Rockhopper Exploration Company Profile

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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.