Rockhopper Exploration Plc (RKH) Upgraded at Peel Hunt

Peel Hunt upgraded shares of Rockhopper Exploration Plc (LON:RKH) to a buy rating in a research note issued to investors on Friday morning. They currently have GBX 40 ($0.52) price objective on the stock, up from their prior price objective of GBX 25 ($0.32).

Separately, Royal Bank Of Canada began coverage on shares of Rockhopper Exploration Plc in a research report on Tuesday, July 25th. They set a sector performer rating and a GBX 30 ($0.39) target price for the company.

Shares of Rockhopper Exploration Plc (LON RKH) opened at 23.25 on Friday. The stock’s market capitalization is GBX 105.47 million. The stock’s 50 day moving average price is GBX 20.29 and its 200-day moving average price is GBX 21.11. Rockhopper Exploration Plc has a 12 month low of GBX 17.75 and a 12 month high of GBX 30.76.

Rockhopper Exploration Plc (LON:RKH) last released its earnings results on Thursday, September 7th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Rockhopper Exploration Plc had a negative net margin of 735.32% and a negative return on equity of 14.93%. Equities analysts forecast that Rockhopper Exploration Plc will post ($0.04) earnings per share for the current fiscal year.

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In other news, insider Arthur John Summers bought 244,100 shares of the business’s stock in a transaction on Friday, June 16th. The stock was purchased at an average price of GBX 20 ($0.26) per share, with a total value of £48,820 ($63,050.50). In the last three months, insiders have acquired 246,332 shares of company stock valued at $4,927,372.

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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