Rockhopper Exploration’s (RKH) Buy Rating Reiterated at Canaccord Genuity Group

Rockhopper Exploration (LON:RKH)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They presently have a GBX 130 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 71.13% from the company’s current price.

Rockhopper Exploration Stock Performance

RKH opened at GBX 75.96 on Wednesday. Rockhopper Exploration has a 12-month low of GBX 44 and a 12-month high of GBX 93.32. The company has a current ratio of 2.07, a quick ratio of 2.94 and a debt-to-equity ratio of 18.89. The firm has a market capitalization of £652.67 million, a PE ratio of -6.74, a P/E/G ratio of 0.20 and a beta of 0.01. The firm has a 50 day moving average of GBX 81.35 and a two-hundred day moving average of GBX 76.20.

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.