Rockhopper Exploration (LON:RKH) Sets New 12-Month High – Still a Buy?

Shares of Rockhopper Exploration plc (LON:RKH) hit a new 52-week high on Thursday . The company traded as high as GBX 27.80 ($0.35) and last traded at GBX 27.60 ($0.34), with a volume of 6944296 shares changing hands. The stock had previously closed at GBX 25.10 ($0.31).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed 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 Stock Performance

The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of £176.44 million, a PE ratio of 1,380.00, a PEG ratio of 0.20 and a beta of 0.87. The stock’s 50 day moving average price is GBX 17.78 and its two-hundred day moving average price is GBX 15.42.

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.