Rockhopper Exploration Plc 35.4% potential upside indicated by Canaccord Genuity

Rockhopper Exploration Plc with ticker (LON:RKH) now has a potential upside of 35.4% according to Canaccord Genuity.



Canaccord Genuity set a target price of 10 GBX for the company, which when compared to the Rockhopper Exploration Plc share price of 6 GBX at opening today (09/12/2021) indicates a potential upside of 35.4%. Trading has ranged between 5 (52 week low) and 13 (52 week high) with an average of 1,070,601 shares exchanging hands daily. The market capitalisation at the time of writing is £30,080,371.

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. The Company holds interests in North Falkland Basin and the Greater Mediterranean region. The Company’s areas of operations include Falkland Islands, which is located in the South Atlantic Ocean, over 8,000 miles from the United Kingdom and approximately 300 miles from South America. Its licenses in Falkland Islands include Sea Lion phase 1 (PL032), Sea Lion phase 2 (PL032/PL004) and Phase 3-Isobel-Elaine (PL004). The Company’s interests in Mediterranean region include Guendalina, Ombrina Mare and Monte Grosso in Italy; Area 3 in Malta, and Block 9 in Croatia.