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

Rockhopper Exploration (LON:RKH) had its target price upped by investment analysts at Canaccord Genuity Group from GBX 78 to GBX 113 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 36.67% from the company’s previous close.

Rockhopper Exploration Trading Up 6.5%

RKH opened at GBX 82.68 on Thursday. The stock has a 50-day moving average of GBX 72.53 and a 200 day moving average of GBX 74.40. The company has a current ratio of 2.07, a quick ratio of 2.94 and a debt-to-equity ratio of 18.89. Rockhopper Exploration has a 12 month low of GBX 35 and a 12 month high of GBX 93.32. The firm has a market cap of £709.68 million, a P/E ratio of -7.34, a P/E/G ratio of 0.20 and a beta of 0.01.

Insider Activity at Rockhopper Exploration

In related news, insider Samuel John Moody bought 36,744 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was purchased at an average price of GBX 53 per share, for a total transaction of £19,474.32. Company insiders own 2.54% of the company’s stock.

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.