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

Rockhopper Exploration plc (LON:RKH) hit a new 52-week high on Monday . The stock traded as high as GBX 23.50 ($0.29) and last traded at GBX 22.40 ($0.28), with a volume of 7217185 shares. The stock had previously closed at GBX 20.50 ($0.26).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Price Performance

The stock’s 50 day simple moving average is GBX 15.86 and its 200-day simple moving average is GBX 14.83. The firm has a market cap of £144.48 million, a price-to-earnings ratio of 1,130.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72.

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.