Rockhopper Exploration (LON:RKH) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Rockhopper Exploration plc (LON:RKH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 75.16 and traded as low as GBX 70. Rockhopper Exploration shares last traded at GBX 70.60, with a volume of 1,327,570 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded shares of Rockhopper Exploration to a “buy” rating and raised their price objective for the company from GBX 90 to GBX 113 in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 113.

Rockhopper Exploration Stock Performance

The firm’s 50-day moving average price is GBX 71.25 and its 200-day moving average price is GBX 75.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. The stock has a market cap of £611.14 million, a P/E ratio of -6.32, a PEG ratio of 0.20 and a beta of 0.87.

Insider Buying and Selling

In related news, insider Samuel John Moody purchased 36,744 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £19,474.32. 3.40% of the stock is currently owned by insiders.

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. It also holds 100% working interest in the PL011, PL012, and PL014 production licenses in the South Falkland Basin.