Rockhopper Exploration (LON:RKH) Reaches New 12-Month High – Still a Buy?

Rockhopper Exploration plc (LON:RKH)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 17.39 ($0.22) and last traded at GBX 17.15 ($0.22), with a volume of 5173855 shares trading hands. The stock had previously closed at GBX 15.83 ($0.20).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 ($0.47) target price on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a market cap of £109.63 million, a P/E ratio of 791.25, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of GBX 13.62 and a two-hundred day simple moving average of GBX 13.98.

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.