Rockhopper Exploration (LON:RKH) Shares Down 8% – Time to Sell?

Rockhopper Exploration plc (LON:RKH) fell 8% during mid-day trading on Friday . The company traded as low as GBX 35 ($0.43) and last traded at GBX 35.70 ($0.44). 6,318,684 shares traded 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 Analysts Forecast Growth

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

Rockhopper Exploration Price Performance

The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The firm 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. The stock has a 50-day moving average price of GBX 24.05 and a 200 day moving average price of GBX 17.49.

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.