Canaccord Genuity Group Issues Positive Forecast for Rockhopper Exploration (LON:RKH) Stock Price

Rockhopper Exploration (LON:RKH) had its price target hoisted by investment analysts at Canaccord Genuity Group from GBX 130 to GBX 135 in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 102.28% from the stock’s previous close.

Rockhopper Exploration Stock Performance

Shares of LON:RKH opened at GBX 66.74 on Wednesday. The firm has a market capitalization of £826.33 million, a PE ratio of -10.86, a P/E/G ratio of 0.20 and a beta of 1.18. The company has a debt-to-equity ratio of 15.12, a current ratio of 3.81 and a quick ratio of 2.94. The business has a 50-day moving average of GBX 73.13 and a two-hundred day moving average of GBX 75.69. Rockhopper Exploration has a 12 month low of GBX 65.40 and a 12 month high of GBX 93.32.

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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.