Rockhopper Exploration Plc (RKH) Receives Consensus Recommendation of “Buy” from Analysts
Rockhopper Exploration Plc (LON:RKH) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 77.80 ($0.96).
RKH has been the topic of a number of recent research reports. Liberum Capital restated a “buy” rating and set a GBX 123 ($1.52) price target on shares of Rockhopper Exploration Plc in a research report on Wednesday, August 17th. Macquarie restated a “neutral” rating and set a GBX 30 ($0.37) price target on shares of Rockhopper Exploration Plc in a research report on Friday, September 9th. Finally, Canaccord Genuity restated a “speculative buy” rating and set a GBX 80 ($0.99) price target on shares of Rockhopper Exploration Plc in a research report on Wednesday, September 14th.
Rockhopper Exploration Plc (LON:RKH) traded up 0.93% during mid-day trading on Wednesday, reaching GBX 27.25. 1,127,915 shares of the company were exchanged. Rockhopper Exploration Plc has a 1-year low of GBX 24.00 and a 1-year high of GBX 43.73. The company has a 50 day moving average of GBX 29.27 and a 200-day moving average of GBX 32.23. The company’s market capitalization is GBX 119.51 million.
About Rockhopper Exploration Plc
Rockhopper Exploration plc is an oil and gas exploration and production company. The Company is engaged in the exploration and exploitation of its oil and gas acreage. The Company operates through three segments, which include the oil and gas exploration activities in the geographical regions of the Falkland Islands, and the Greater Mediterranean region, as well as its corporate activities centered in the United Kingdom.
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