Rockhopper Exploration (LON:RKH) Earns “Speculative Buy” Rating from Canaccord Genuity Group

Rockhopper Exploration (LON:RKH)‘s stock had its “speculative buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 37 ($0.50) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 172.56% from the stock’s current price.

Rockhopper Exploration Price Performance

LON:RKH opened at GBX 13.58 ($0.18) on Thursday. The firm has a market capitalization of £86.96 million, a price-to-earnings ratio of -1,371.50, a PEG ratio of 0.20 and a beta of 0.87. Rockhopper Exploration has a 1 year low of GBX 10 ($0.13) and a 1 year high of GBX 15.45 ($0.21). The business has a 50 day simple moving average of GBX 14.26 and a 200-day simple moving average of GBX 13.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94.

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.