Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) shares traded down 8% on Friday . The stock traded as low as GBX 35 ($0.43) and last traded at GBX 35.70 ($0.44). 6,318,684 shares changed hands during trading, a decline of 7% from the average session volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The firm has a 50-day moving average of GBX 24.05 and a 200 day moving average of GBX 17.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94. The company has a market capitalization of £228.22 million, a PE ratio of 1,785.00, a PEG ratio of 0.20 and a beta of 0.87.

About Rockhopper Exploration

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.