Rockhopper Exploration (LON:RKH) Sets New 1-Year High – Should You Buy?

Rockhopper Exploration plc (LON:RKH)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 23.50 ($0.30) and last traded at GBX 22.40 ($0.28), with a volume of 7217185 shares changing hands. 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 issued a GBX 37 ($0.47) price objective on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a 50-day simple moving average of GBX 15.48 and a two-hundred day simple moving average of GBX 14.70. 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 £143.20 million, a P/E ratio of 1,120.00, a PEG 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.