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

Rockhopper Exploration plc (LON:RKH) shares rose 13.2% on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares were traded during trading, an increase of 17% from the average daily 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 issued a GBX 37 ($0.45) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a market capitalization of £219.91 million, a P/E ratio of 1,720.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The business has a 50 day moving average of GBX 19.74 and a 200 day moving average of GBX 16.03. The company has a quick ratio of 2.94, a current ratio of 1.72 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.