Rockhopper Exploration (LON:RKH) Hits New 1-Year High - What's Next?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 42 ($0.52) and last traded at GBX 40.10 ($0.49), with a volume of 9764095 shares changing hands. The stock had previously closed at GBX 39.60 ($0.49).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Price Performance

The stock's fifty day moving average is GBX 23.10 and its 200-day moving average is GBX 17.18. 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 market capitalization of £229.50 million, a P/E ratio of 1,795.00, a PEG ratio of 0.20 and a beta of 0.87.

About Rockhopper Exploration

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.