Rockhopper Exploration (LON:RKH) Trading Up 13.2% – Still a Buy?

Rockhopper Exploration plc (LON:RKH)’s share price rose 13.2% on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). Approximately 9,515,748 shares changed hands 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 ($0.38).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The firm 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 fifty day moving average of GBX 18.88 and a 200-day moving average of GBX 15.77.

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.