Rockhopper Exploration Plc’s (LON:RKH) Hold Rating Reiterated at Peel Hunt
Rockhopper Exploration Plc (LON:RKH)‘s stock had its “hold” rating reiterated by equities researchers at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 25 ($0.33) target price on the stock. Peel Hunt’s price target suggests a potential upside of 20.48% from the company’s previous close.
Separately, Canaccord Genuity upgraded shares of Rockhopper Exploration Plc to a “buy” rating and cut their target price for the stock from GBX 75 ($0.98) to GBX 70 ($0.91) in a research report on Tuesday, April 25th.
Shares of Rockhopper Exploration Plc (LON RKH) opened at 20.75 on Friday. The stock’s 50 day moving average price is GBX 21.05 and its 200-day moving average price is GBX 22.65. The firm’s market capitalization is GBX 94.13 million. Rockhopper Exploration Plc has a 12-month low of GBX 18.64 and a 12-month high of GBX 33.75.
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In other Rockhopper Exploration Plc news, insider Arthur John Summers purchased 244,100 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of GBX 20 ($0.26) per share, for a total transaction of £48,820 ($63,750.33). In the last quarter, insiders acquired 246,230 shares of company stock valued at $4,927,360.
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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