Rockhopper Exploration (LON:RKH) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Rockhopper Exploration plc (LON:RKH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 74.36 and traded as low as GBX 67.20. Rockhopper Exploration shares last traded at GBX 69, with a volume of 2,249,753 shares.

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Trading Up 4.6%

The firm has a 50-day simple moving average of GBX 74.69 and a 200-day simple moving average of GBX 74.36. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The stock has a market cap of £465.11 million, a PE ratio of -6.40, 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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.