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

Rockhopper Exploration plc (LON:RKH) shares traded down 8% during trading on Friday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares changed hands during mid-day 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).

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Stock Performance

The stock’s 50-day moving average price is GBX 24.05 and its 200-day moving average price is GBX 17.49. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of £228.22 million, a P/E ratio of 1,785.00, a P/E/G 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.