Rockhopper Exploration (LON:RKH) Stock Price Down 7.9% – Should You Sell?

Rockhopper Exploration plc (LON:RKH) shares dropped 7.9% during mid-day trading on Friday . The company traded as low as GBX 16.65 ($0.21) and last traded at GBX 16.86 ($0.21). Approximately 1,984,262 shares changed hands during mid-day trading, an increase of 101% from the average daily volume of 988,490 shares. The stock had previously closed at GBX 18.30 ($0.23).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Down 8.9 %

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 stock’s fifty day simple moving average is GBX 14.29 and its two-hundred day simple moving average is GBX 14.26. The stock has a market capitalization of £106.60 million, a P/E ratio of 833.75, a price-to-earnings-growth 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.