Rockhopper Exploration (LON:RKH) Stock Price Up 9.7% – Time to Buy?

Shares of Rockhopper Exploration plc (LON:RKH) were up 9.7% on Wednesday . The stock traded as high as GBX 20.50 ($0.26) and last traded at GBX 19.75 ($0.25). 3,227,495 shares were traded during mid-day trading, an increase of 217% from the average daily volume of 1,016,967 shares. The stock had previously closed at GBX 18 ($0.23).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The firm has a market capitalization of £135.70 million, a PE ratio of 1,061.35, 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 current ratio of 1.72 and a quick ratio of 2.94. The stock has a 50-day moving average price of GBX 14.65 and a 200-day moving average price of GBX 14.42.

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.