Rockhopper Exploration (LON:RKH) Sets New 1-Year High – What’s Next?

Rockhopper Exploration plc (LON:RKH) shares hit a new 52-week high on Monday . The company traded as high as GBX 42 ($0.51) and last traded at GBX 40.10 ($0.49), with a volume of 9764095 shares trading hands. The stock had previously closed at GBX 39.60 ($0.48).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 37 ($0.45) price objective on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Trading Up 1.3 %

The stock has a market capitalization of £256.35 million, a PE ratio of 2,005.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The business’s 50-day moving average is GBX 22.08 and its two-hundred day moving average is GBX 16.83.

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.