Rockhopper Exploration (LON:RKH) Sets New 52-Week High – Still a Buy?

Rockhopper Exploration plc (LON:RKH)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 36.50 ($0.45) and last traded at GBX 36.50 ($0.45), with a volume of 6662963 shares traded. The stock had previously closed at GBX 34.40 ($0.42).

Analysts Set New Price Targets

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

Rockhopper Exploration Price Performance

The stock has a market cap of £214.16 million, a P/E ratio of 1,675.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. 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 business’s 50-day simple moving average is GBX 20.65 and its two-hundred day simple moving average is GBX 16.34.

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.