Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Time to Sell?

Rockhopper Exploration plc (LON:RKH) shares traded down 8% during trading on Friday . The company traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares changed hands during trading, a decline of 7% from the average session 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 reaffirmed a “speculative buy” rating and set a GBX 37 ($0.46) target price on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Trading Down 8.0 %

The company has a 50 day simple moving average of GBX 24.05 and a two-hundred day simple moving average of GBX 17.49. 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 firm has a market cap of £228.22 million, a PE ratio of 1,785.00, a P/E/G ratio of 0.20 and a beta of 0.87.

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.