Rockhopper Exploration (LON:RKH) Price Target Raised to GBX 135

Rockhopper Exploration (LON:RKH – Get Free Report) had its price target lifted by equities researchers at Canaccord Genuity Group from GBX 130 to GBX 135 in a report issued on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 102.28% from the company’s current price.

Rockhopper Exploration Stock Up 0.2%

Shares of Rockhopper Exploration stock opened at GBX 66.74 on Wednesday. The business has a 50-day moving average price of GBX 73.13 and a 200 day moving average price of GBX 75.69. Rockhopper Exploration has a fifty-two week low of GBX 65.40 and a fifty-two week high of GBX 93.32. The firm has a market cap of £826.33 million, a P/E ratio of -10.86, a P/E/G ratio of 0.20 and a beta of 1.18. The company has a quick ratio of 2.94, a current ratio of 3.81 and a debt-to-equity ratio of 15.12.

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About Rockhopper Exploration

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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.

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