Rockhopper Exploration (LON:RKH) Trading Down 7.9% – What’s Next?

Rockhopper Exploration plc (LON:RKH) was down 7.9% during mid-day trading on Friday . The stock traded as low as GBX 16.65 ($0.21) and last traded at GBX 16.86 ($0.22). Approximately 1,984,262 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 988,490 shares. The stock had previously closed at GBX 18.30 ($0.23).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 ($0.47) price objective on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The firm has a market capitalization of £110.91 million, a P/E ratio of 915.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company’s 50 day moving average is GBX 14.23 and its 200-day moving average is GBX 14.24. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12.

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.