Rockhopper Exploration (LON:RKH) Shares Pass Below 200 Day Moving Average – Here’s Why

Rockhopper Exploration plc (LON:RKH) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 74.36 and traded as low as GBX 67.20. Rockhopper Exploration shares last traded at GBX 69, with a volume of 2,249,753 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 90 price objective on shares of Rockhopper Exploration in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 90.

Rockhopper Exploration Price Performance

The stock has a market capitalization of £465.11 million, a PE ratio of -6.40, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. The firm’s 50 day simple moving average is GBX 74.69 and its 200 day simple moving average is GBX 74.36.

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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.