Rockhopper Exploration (LON:RKH) Price Target Raised to GBX 113 at Canaccord Genuity Group

Rockhopper Exploration (LON:RKH) had its price target increased by Canaccord Genuity Group from GBX 78 to GBX 113 in a report released on Thursday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Rockhopper Exploration Price Performance

Shares of LON:RKH opened at GBX 87.80 on Thursday. The company has a market capitalization of £753.62 million, a PE ratio of -7.80, a price-to-earnings-growth ratio of 0.20 and a beta of 0.01. The company has a debt-to-equity ratio of 18.89, a quick ratio of 2.94 and a current ratio of 2.07. The stock has a fifty day moving average of GBX 72.79 and a 200-day moving average of GBX 74.49. Rockhopper Exploration has a one year low of GBX 35 and a one year high of GBX 93.32.

Insider Activity

In other news, insider Samuel John Moody purchased 36,744 shares of Rockhopper Exploration stock in a transaction that occurred on Wednesday, January 21st. The stock was acquired at an average price of GBX 53 per share, for a total transaction of £19,474.32. 2.54% of the stock is owned by corporate insiders.

About Rockhopper Exploration

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.