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

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

Analysts Set New Price Targets

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

Rockhopper Exploration Stock Down 8.0 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock has a market capitalization of £228.22 million, a P/E ratio of 1,785.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 24.05 and its two-hundred day simple moving average is GBX 17.49.

Rockhopper Exploration Company Profile

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.