Insider Buying: Rockhopper Exploration Plc (LON:RKH) Insider Buys £146.74 in Stock

Rockhopper Exploration Plc (LON:RKH) insider Stewart MacDonald acquired 667 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of GBX 22 ($0.29) per share, for a total transaction of £146.74 ($191.74).

Shares of Rockhopper Exploration stock opened at GBX 20.05 ($0.26) on Friday. Rockhopper Exploration Plc has a 52-week low of GBX 19.66 ($0.26) and a 52-week high of GBX 42 ($0.55). The business’s 50-day moving average price is GBX 21.33. The firm has a market capitalization of $91.77 million and a price-to-earnings ratio of -12.53.

A number of research analysts have commented on RKH shares. Peel Hunt restated a “buy” rating on shares of Rockhopper Exploration in a research note on Tuesday. Canaccord Genuity dropped their price target on shares of Rockhopper Exploration from GBX 85 ($1.11) to GBX 80 ($1.05) and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 60 ($0.78) price target on shares of Rockhopper Exploration in a research note on Friday, June 21st.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 95.50% interests in the PL003a production licenses; 60.50% interests in PL003b production licenses; 64.00% interests in PL004a, PL004b, and PL004c production licenses; 100% interests in PL005 production licenses; 40% interests in PL032 and PL033 production licenses in North Falkland Basin; and 100% interest in PL010-PL016, PL025-PL029, and PL031 production licenses.

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