Rockhopper Exploration (LON:RKH) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.91 and traded as high as GBX 82. Rockhopper Exploration shares last traded at GBX 79.60, with a volume of 5,821,940 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 90 target price on shares of Rockhopper Exploration in a report on Monday, September 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 90.

Rockhopper Exploration Trading Down 3.4%

The company has a market capitalization of £509.86 million, a P/E ratio of -7.03, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a 50-day simple moving average of GBX 76.91 and a 200 day simple moving average of GBX 66.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27.

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.