Rockhopper Exploration (LON:RKH) Trading Down 8% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH)’s share price dropped 8% on Friday . The company traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). Approximately 6,318,684 shares were traded during mid-day trading, a decline of 7% from the average daily 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 restated a “speculative buy” rating and set a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

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’s fifty day moving average is GBX 24.05 and its two-hundred day moving average is GBX 17.49. The company has a market cap of £228.22 million, a P/E ratio of 1,785.00, a P/E/G ratio of 0.20 and a beta of 0.87.

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.