Rockhopper Exploration (LON:RKH) Rating Reiterated by Canaccord Genuity Group

Rockhopper Exploration (LON:RKH)‘s stock had its “speculative buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a GBX 37 ($0.50) price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 172.56% from the company’s previous close.

Rockhopper Exploration Stock Performance

LON:RKH opened at GBX 13.58 ($0.18) on Thursday. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. Rockhopper Exploration has a 12-month low of GBX 10 ($0.13) and a 12-month high of GBX 15.45 ($0.21). The stock has a 50-day moving average price of GBX 14.26 and a 200 day moving average price of GBX 13.88. The stock has a market capitalization of £86.96 million, a P/E ratio of -1,371.50, a P/E/G ratio of 0.20 and a beta of 0.87.

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.