Rockhopper Exploration (LON:RKH) Stock Jumps 6.5% – What’s Next?

Rockhopper Exploration plc (LON:RKH)’s stock price was up 6.5% during trading on Friday. The company traded as high as GBX 60.60 and last traded at GBX 60.30. Approximately 5,631,096 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 3,261,385 shares. The stock had previously closed at GBX 56.60.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their target price on Rockhopper Exploration from GBX 130 to GBX 135 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 135.

Rockhopper Exploration Stock Up 6.5%

The company has a current ratio of 3.44, a quick ratio of 2.94 and a debt-to-equity ratio of 33.09. The stock has a market capitalization of £644.84 million, a PE ratio of 44.01, a price-to-earnings-growth ratio of 0.20 and a beta of 1.18. The company’s 50-day moving average is GBX 65.74 and its 200 day moving average is GBX 72.84.

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