Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Here’s Why

Rockhopper Exploration plc (LON:RKH) traded down 8% on Friday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares changed hands during mid-day 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).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company’s fifty day moving average is GBX 24.05 and its two-hundred day moving average is GBX 17.49. The firm has a market capitalization of £228.22 million, a price-to-earnings ratio of 1,785.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. 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.