Rockhopper Exploration (LON:RKH) Trading Up 13.2% – Should You Buy?

Rockhopper Exploration plc (LON:RKH)’s stock price traded up 13.2% during mid-day trading on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). 9,515,748 shares traded hands during trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.38).

Analysts Set New Price Targets

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

Rockhopper Exploration Stock Performance

The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company has a market cap of £219.91 million, a PE ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 18.88 and its two-hundred day simple moving average is GBX 15.77.

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.