Rockhopper Exploration (LON:RKH) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Rockhopper Exploration plc (LON:RKH)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.81 and traded as low as GBX 70.46. Rockhopper Exploration shares last traded at GBX 71, with a volume of 2,423,491 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Rockhopper Exploration to a “buy” rating and upped their target price 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 stock has an average rating of “Buy” and a consensus target price of GBX 113.

Rockhopper Exploration Trading Up 0.3%

The stock’s fifty day simple moving average is GBX 73.65 and its 200-day simple moving average is GBX 74.81. 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 firm has a market cap of £459.05 million, a PE ratio of -6.32, a PEG ratio of 0.20 and a beta of 0.87.

Insider Transactions at Rockhopper Exploration

In other news, insider Samuel John Moody purchased 36,744 shares of the stock in a transaction on Wednesday, January 21st. The stock was bought at an average price of GBX 53 per share, with a total value of £19,474.32. 3.40% of the stock is owned by company insiders.

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.