Rockhopper Exploration (LON:RKH) Stock Price Up 13.2% – Should You Buy?

Rockhopper Exploration plc (LON:RKH)’s share price shot up 13.2% during trading on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). 9,515,748 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.38).

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Price Performance

The company’s 50-day moving average is GBX 18.88 and its 200-day moving average is GBX 15.77. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 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.