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

Rockhopper Exploration plc (LON:RKH) fell 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 were traded 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).

Wall Street Analyst Weigh In

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

Rockhopper Exploration Trading Down 8.0 %

The company has a 50 day moving average of GBX 24.05 and a 200 day moving average of 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 firm has a market cap of £228.22 million, a price-to-earnings ratio of 1,785.00, a price-to-earnings-growth 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.