Rockhopper Exploration (LON:RKH) Trading 13.2% Higher - What's Next?

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price shot up 13.2% during mid-day trading on Friday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 9,515,748 shares traded hands during trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 37 ($0.45) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The stock has a market cap of £219.91 million, a price-to-earnings ratio of 1,720.00, a PEG ratio of 0.20 and a beta of 0.87. The business has a 50-day moving average of GBX 19.31 and a 200-day moving average of GBX 15.90. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12.

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.