Rockhopper Exploration (LON:RKH) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Rockhopper Exploration (LON:RKH) to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has GBX 113 price target on the stock, up from their prior price target of GBX 90.

Rockhopper Exploration Trading Down 0.5%

Shares of Rockhopper Exploration stock opened at GBX 74.20 on Wednesday. The business has a fifty day simple moving average of GBX 74.32 and a 200-day simple moving average of GBX 74.47. Rockhopper Exploration has a fifty-two week low of GBX 32.50 and a fifty-two week high of GBX 93.32. The firm has a market cap of £478.40 million, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at Rockhopper Exploration

In other Rockhopper Exploration news, insider Samuel John Moody acquired 36,744 shares of the stock in a transaction dated Wednesday, January 21st. The shares were bought at an average price of GBX 53 per share, with a total value of £19,474.32. Company insiders own 3.40% of the company’s stock.

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.