Rockhopper Exploration (LON:RKH) Stock Jumps 11.9% – What’s Next?

Rockhopper Exploration plc (LON:RKH)’s share price rose 11.9% on Friday. The stock traded as high as GBX 57.40 and last traded at GBX 57.20. 4,842,043 shares were traded during trading, an increase of 48% from the average session volume of 3,263,100 shares. The stock had previously closed at GBX 51.10.

Analysts Set New Price Targets

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

Rockhopper Exploration Stock Up 11.9%

The firm has a 50 day simple moving average of GBX 67.38 and a two-hundred day simple moving average of GBX 73.70. The company has a debt-to-equity ratio of 33.09, a quick ratio of 2.94 and a current ratio of 3.44. The stock has a market cap of £611.69 million, a P/E ratio of 41.75, a P/E/G ratio of 0.20 and a beta of 1.18.

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.