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

Shares of Rockhopper Exploration plc (LON:RKH) reached a new 52-week high during trading on Monday . The company traded as high as GBX 42 ($0.51) and last traded at GBX 40.10 ($0.49), with a volume of 9764095 shares. The stock had previously closed at GBX 39.60 ($0.48).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Stock Performance

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 stock has a market capitalization of £256.35 million, a price-to-earnings ratio of 2,005.00, a PEG ratio of 0.20 and a beta of 0.87. The firm has a fifty day moving average of GBX 22.08 and a 200-day moving average of GBX 16.83.

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.