Rockhopper Exploration (LON:RKH) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Rockhopper Exploration plc (LON:RKH)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 76.24 and traded as low as GBX 75.90. Rockhopper Exploration shares last traded at GBX 77.10, with a volume of 27,026,963 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on shares of Rockhopper Exploration from GBX 78 to GBX 113 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 113.

Rockhopper Exploration Trading Down 2.8%

The company has a market capitalization of £662.43 million, a price-to-earnings ratio of -6.85, a P/E/G ratio of 0.20 and a beta of 0.01. The company has a quick ratio of 2.94, a current ratio of 2.07 and a debt-to-equity ratio of 18.89. The company’s 50 day simple moving average is GBX 81.35 and its two-hundred day simple moving average is GBX 76.24.

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