Rockhopper Exploration Plc (RKH) Posts Earnings Results, Hits Estimates
Rockhopper Exploration Plc (LON:RKH) posted its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), reports. Rockhopper Exploration Plc had a negative return on equity of 14.93% and a negative net margin of 735.32%.
Shares of Rockhopper Exploration Plc (RKH) opened at 23.50 on Friday. The company’s market cap is GBX 106.61 million. Rockhopper Exploration Plc has a 12 month low of GBX 17.75 and a 12 month high of GBX 30.76. The company’s 50-day moving average price is GBX 20.24 and its 200-day moving average price is GBX 21.18.
In related news, insider Arthur John Summers purchased 244,100 shares of the business’s stock in a transaction on Friday, June 16th. The shares were bought at an average price of GBX 20 ($0.26) per share, for a total transaction of £48,820 ($63,050.50). In the last 90 days, insiders have acquired 246,332 shares of company stock worth $4,927,372.
A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on Rockhopper Exploration Plc in a research report on Tuesday, July 25th. They set a “sector performer” rating and a GBX 30 ($0.39) price target on the stock. Peel Hunt reissued a “hold” rating and set a GBX 25 ($0.32) price target on shares of Rockhopper Exploration Plc in a research report on Friday, July 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 58.60 ($0.76).
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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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