Rockhopper Exploration Plc using EPIC code LON:RKH had its stock rating noted as “Reiterates” with the recommendation being set at “BUY” this morning by analysts at Liberum Capital.

“This transaction represents another significant milestone as we continue to build Rockhopper into a full cycle, exploration led, E&P company focused on our two core areas of the North Falkland Basin and the Greater Mediterranean and North Africa region”, said Sam Moody, Rockhopper’s chief executive. It has underperformed the S&P 500 Index, which has added 9.19% in the same time period. Westhouse Securities reiterated a “buy” rating and issued a GBX 201 ($3.11) target price on shares of Rockhopper Exploration Plc in a research report on Tuesday, May 12th. The highest target is GBX 314 and the lowest is GBX 47 according to Thomson/First Call. This indicates the analyst believes there is a potential upside of 141% from today’s opening price of 57.25 GBX. Rockhopper has a 24% interest in this block. Our stocks momentum model is shown on the price chart below.

Rockhopper Exploration plc (LON:RKH) is an oil and gas exploration company based in the United Kingdom with interests in the Falkland Islands.

The company also said the environmental impact assessment for the Ombrina Mare oil and gas project in Italy has been approved by the Italian Minister for the Environment and countersigned by the Ministry of Cultural Heritage. This is down from average of 675,580 shares. BNP Paribas raised shares of Rockhopper Exploration Plc to a neutral rating and upped their cost target for the inventory from GBX 65 ($1.01) to GBX 7 3 ($1.13) in an investigation report on Thursday, July 9th. The business’s market cap is GBX 168.58 million.!