Rockhopper Exploration (LON:RKH) Shares Up 13.2% – Should You Buy?

Rockhopper Exploration plc (LON:RKH) shares shot up 13.2% on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 9,515,748 shares changed hands during trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 37 ($0.45) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Price Performance

The business’s fifty day moving average price is GBX 19.74 and its 200-day moving average price is GBX 16.03. The company has a market capitalization of £219.91 million, a P/E ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

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.