Rockhopper Exploration (LON:RKH) Hits New 12-Month High – Should You Buy?

Rockhopper Exploration plc (LON:RKH)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 27.80 ($0.35) and last traded at GBX 27.60 ($0.35), with a volume of 6944296 shares traded. The stock had previously closed at GBX 25.10 ($0.31).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a 50 day moving average of GBX 17.19 and a 200-day moving average of GBX 15.24. 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 stock has a market capitalization of £176.44 million, a P/E ratio of 1,380.00, a PEG ratio of 0.20 and a beta of 0.87.

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.