Rockhopper Exploration (LON:RKH) Shares Up 13.2% – Time to Buy?

Rockhopper Exploration plc (LON:RKH)’s share price was up 13.2% on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). Approximately 9,515,748 shares traded hands during trading, an increase of 17% from the average daily 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 reiterated a “speculative buy” rating and set a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Trading Up 13.2 %

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

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.