Rockhopper Exploration Plc (RKH) Rating Increased to Buy at Peel Hunt
Rockhopper Exploration Plc (LON:RKH) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research report issued on Friday. The brokerage presently has a GBX 40 ($0.52) target price on the stock, up from their previous target price of GBX 25 ($0.32). Peel Hunt’s target price suggests a potential upside of 70.21% from the stock’s previous close.
Separately, Royal Bank Of Canada began coverage on shares of Rockhopper Exploration Plc in a research report on Tuesday, July 25th. They issued a “sector performer” rating and a GBX 30 ($0.39) price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rockhopper Exploration Plc has a consensus rating of “Buy” and a consensus target price of GBX 58.60 ($0.76).
Rockhopper Exploration Plc (RKH) traded up 8.05% during mid-day trading on Friday, hitting GBX 23.50. 386,811 shares of the company were exchanged. Rockhopper Exploration Plc has a 12-month low of GBX 17.75 and a 12-month high of GBX 30.76. The company has a 50 day moving average of GBX 20.24 and a 200 day moving average of GBX 21.18. The stock’s market cap is GBX 106.61 million.
Rockhopper Exploration Plc (LON:RKH) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Rockhopper Exploration Plc had a negative net margin of 735.32% and a negative return on equity of 14.93%. On average, equities research analysts expect that Rockhopper Exploration Plc will post ($0.04) earnings per share for the current fiscal year.
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In related news, insider Arthur John Summers bought 244,100 shares of the company’s stock in a transaction on Friday, June 16th. The shares were purchased at an average cost of GBX 20 ($0.26) per share, for a total transaction of £48,820 ($63,050.50). Insiders purchased a total of 246,332 shares of company stock worth $4,927,372 over the last quarter.
Rockhopper Exploration Plc Company Profile
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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