Rockhopper Exploration Plc 55.9% potential upside indicated by Canaccord Genuity

Rockhopper Exploration Plc with ticker (LON:RKH) now has a potential upside of 55.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 22 GBX for the company, which when compared to the Rockhopper Exploration Plc share price of 10 GBX at opening today (13/04/2022) indicates a potential upside of 55.9%. Trading has ranged between 5 (52 week low) and 11 (52 week high) with an average of 1,186,367 shares exchanging hands daily. The market capitalisation at the time of writing is £44,527,781.

Rockhopper Exploration plc is an oil and gas exploration and production company. The Company is engaged in the exploration, appraisal and development 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. Its exploration and appraisal activity in the North Falkland Basin has centered around licenses PL032 and PL004, which contain the Sea Lion and the Isobel-Elaine fan complexes. The Company has material interests in licenses to the South and East of the Falkland Islands. It has interest in Italian assets, which include Guendalina, Ombrina Mare and Monte Grosso.