Rockhopper Exploration (LON:RKH) Stock Price Down 7.3% – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s share price was down 7.3% during mid-day trading on Wednesday . The company traded as low as GBX 30.30 ($0.37) and last traded at GBX 30.30 ($0.37). Approximately 15,009,329 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 9,475,837 shares. The stock had previously closed at GBX 32.70 ($0.40).

Wall Street Analysts Forecast Growth

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 report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The firm has a market capitalization of £215.15 million, a P/E ratio of 1,682.75, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. 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 business has a 50 day simple moving average of GBX 19.31 and a two-hundred day simple moving average of GBX 15.90.

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.