Rockhopper Exploration (LON:RKH) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 75.16 and traded as low as GBX 70. Rockhopper Exploration shares last traded at GBX 70.60, with a volume of 1,327,570 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded Rockhopper Exploration to a “buy” rating and raised their price target for the company from GBX 90 to GBX 113 in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 113.

Rockhopper Exploration Stock Performance

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 business has a 50-day simple moving average of GBX 71.25 and a 200-day simple moving average of GBX 75.16. The firm has a market capitalization of £611.14 million, a PE ratio of -6.32, a P/E/G ratio of 0.20 and a beta of 0.87.

Insider Buying and Selling at Rockhopper Exploration

In related news, insider Samuel John Moody purchased 36,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were bought at an average price of GBX 53 per share, for a total transaction of £19,474.32. Corporate insiders own 3.40% of the company’s stock.

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.