Rockhopper Exploration Plc (LON:RKH)‘s stock had its “hold” rating reiterated by stock analysts at Peel Hunt in a report released on Friday. They presently have a GBX 25 ($0.33) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 20.48% from the company’s current price.
Separately, Canaccord Genuity raised shares of Rockhopper Exploration Plc to a “buy” rating and reduced their target price for the company from GBX 75 ($0.98) to GBX 70 ($0.91) in a research report on Tuesday, April 25th.
Rockhopper Exploration Plc (LON RKH) opened at 20.75 on Friday. Rockhopper Exploration Plc has a 12-month low of GBX 18.64 and a 12-month high of GBX 33.75. The company’s market cap is GBX 94.13 million. The company’s 50-day moving average price is GBX 21.05 and its 200-day moving average price is GBX 22.65.
In other news, insider Arthur John Summers bought 244,100 shares of the stock in a transaction on Friday, June 16th. The shares were acquired at an average cost of GBX 20 ($0.26) per share, for a total transaction of £48,820 ($63,750.33). Insiders acquired a total of 246,230 shares of company stock worth $4,927,360 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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