Rockhopper Exploration Plc (RKH) Announces Earnings Results
Rockhopper Exploration Plc (LON:RKH) issued its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01), reports. Rockhopper Exploration Plc had a negative net margin of 735.32% and a negative return on equity of 14.93%.
Rockhopper Exploration Plc (RKH) traded up 8.05% during mid-day trading on Friday, reaching GBX 23.50. 386,811 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of GBX 20.24 and a 200-day moving average price of GBX 21.18. Rockhopper Exploration Plc has a 52 week low of GBX 17.75 and a 52 week high of GBX 30.76. The stock’s market cap is GBX 106.61 million.
A number of brokerages have weighed in on RKH. Peel Hunt raised shares of Rockhopper Exploration Plc to a “buy” rating and upped their price target for the company from GBX 25 ($0.32) to GBX 40 ($0.52) in a report on Friday. Royal Bank Of Canada began coverage on shares of Rockhopper Exploration Plc in a report on Tuesday, July 25th. They issued a “sector performer” rating and a GBX 30 ($0.39) price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 58.60 ($0.76).
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In related news, insider Arthur John Summers bought 244,100 shares of Rockhopper Exploration Plc stock in a transaction on Friday, June 16th. The shares were purchased at an average price of GBX 20 ($0.26) per share, for a total transaction of £48,820 ($63,050.50). In the last 90 days, insiders have acquired 246,332 shares of company stock worth $4,927,372.
About Rockhopper Exploration Plc
Rockhopper Exploration plc is an oil and gas exploration and production company. The Company is engaged in the exploration and exploitation of its oil and gas acreage. The Company operates through three segments, which include the oil and gas exploration activities in the geographical regions of the Falkland Islands, and the Greater Mediterranean region, as well as its corporate activities centered in the United Kingdom.
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