Rockhopper Exploration (LON:RKH) Price Target Raised to GBX 113 at Canaccord Genuity Group

Rockhopper Exploration (LON:RKH) had its price objective upped by Canaccord Genuity Group from GBX 78 to GBX 113 in a research note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 36.67% from the company’s previous close.

Rockhopper Exploration Price Performance

LON:RKH opened at GBX 82.68 on Thursday. The business’s 50-day simple moving average is GBX 72.53 and its two-hundred day simple moving average is GBX 74.40. Rockhopper Exploration has a 52 week low of GBX 35 and a 52 week high of GBX 93.32. The stock has a market cap of £709.68 million, a PE ratio of -7.34, a P/E/G ratio of 0.20 and a beta of 0.01. The company has a quick ratio of 2.94, a current ratio of 2.07 and a debt-to-equity ratio of 18.89.

Insiders Place Their Bets

In related news, insider Samuel John Moody acquired 36,744 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was acquired at an average cost of GBX 53 per share, with a total value of £19,474.32. 2.54% of the stock is owned by insiders.

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