Key Points
- Insider Samuel John Moody purchased 36,744 shares on January 21 at an average price of GBX 53 per share, a transaction valued at approximately £19,474.32.
- Canaccord Genuity upgraded Rockhopper to a "Buy" and raised its price target from GBX 90 to GBX 113, matching the consensus price target of GBX 113.
- The stock was reported as trading up 7.2%, opening at GBX 74 with a market cap around £477.11 million and a 12-month range of GBX 32.50–93.32.
Rockhopper Exploration plc (LON:RKH - Get Free Report) insider Samuel John Moody bought 36,744 shares of the business's stock in a transaction on Wednesday, January 21st. The stock was bought at an average cost of GBX 53 per share, with a total value of £19,474.32.
Rockhopper Exploration Trading Up 7.2%
Shares of LON:RKH opened at GBX 74 on Thursday. The company has a market cap of £477.11 million, a PE ratio of -6.57, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. Rockhopper Exploration plc has a 12-month low of GBX 32.50 and a 12-month high of GBX 93.32. The stock has a 50 day moving average of GBX 74.52 and a 200 day moving average of GBX 74.36. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised Rockhopper Exploration to a "buy" rating and boosted their price objective for the stock from GBX 90 to GBX 113 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 113.
Read Our Latest Stock Analysis on Rockhopper Exploration
About Rockhopper Exploration
(
Get Free Report)
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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.
Further Reading
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