Rockhopper Exploration (LON:RKH) Stock Passes Below 200-Day Moving Average – Should You Sell?

Rockhopper Exploration plc (LON:RKH) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 72.38 and traded as low as GBX 70.60. Rockhopper Exploration shares last traded at GBX 72, with a volume of 2,085,578 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 90 target price on shares of Rockhopper Exploration in a report on Monday, September 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 90.

Rockhopper Exploration Trading Up 2.6%

The stock has a market capitalization of £461.90 million, a P/E ratio of -6.36, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of GBX 77.06 and a two-hundred day moving average price of GBX 72.55.

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.