Canaccord analyst Charlie Sharp upgraded Rockhopper Exploration (RCKHF) to Buy from Speculative Buy with a price target of 113 GBp, up from 90 GBp. Following the Sea Lion development project final investment decision and financial close, Rockhopper is fully financed for the project to beyond anticipated first oil, the analyst tells investors.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCKHF:
- Rockhopper CEO Increases Stake via Open Offer Participation
- Rockhopper bolsters board with appointment of veteran energy executive Richard Slape
- Rockhopper Raises £6.9m After Heavily Oversubscribed Open Offer
- Rockhopper Publishes Open Offer Circular Following Sea Lion Project Funding Milestone
- Rockhopper Secures Funding and Financial Close for Falklands Sea Lion Project