Rock Hopper Exploration’s Overweight Rating Reaffirmed at Barclays (RKH)
Rock Hopper Exploration (LON:RKH)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report released on Tuesday, Stock Ratings Network reports. They currently have a GBX 235 ($3.86) price objective on the stock. Barclays’ price target indicates a potential upside of 88.91% from the company’s current price.
RKH has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Rock Hopper Exploration in a research note to investors on Thursday, January 16th. They now have a GBX 225 ($3.70) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Rock Hopper Exploration from GBX 370 ($6.08) to GBX 345 ($5.67) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Rock Hopper Exploration from GBX 365 ($6.00) to GBX 370 ($6.08) in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 260.44 ($4.28).
Rock Hopper Exploration (LON:RKH) traded down 4.49% on Tuesday, hitting GBX 124.40. 7,958,399 shares of the company’s stock traded hands. Rock Hopper Exploration has a one year low of GBX 111.00 and a one year high of GBX 163.25. The stock has a 50-day moving average of GBX 148.3 and a 200-day moving average of GBX 138.6.
Rockhopper Exploration plc (LON:RKH) is engaged in exploration and exploitation of its oil and gas acreage.
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