Rockhopper Exploration (LON:RKH) Price Target Raised to GBX 135

Rockhopper Exploration (LON:RKH) had its price objective raised by Canaccord Genuity Group from GBX 130 to GBX 135 in a research note released on Wednesday morning,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Rockhopper Exploration Trading Down 0.5%

LON:RKH opened at GBX 66 on Wednesday. The firm has a market capitalization of £817.18 million, a P/E ratio of -10.74, a P/E/G ratio of 0.20 and a beta of 1.18. The business has a 50 day simple moving average of GBX 72.73 and a 200 day simple moving average of GBX 75.56. The company has a debt-to-equity ratio of 15.12, a current ratio of 3.81 and a quick ratio of 2.94. Rockhopper Exploration has a 12-month low of GBX 65.10 and a 12-month high of GBX 93.32.

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.