Rockhopper Exploration (LON:RKH) Sets New 1-Year Low – What’s Next?

Rockhopper Exploration plc (LON:RKH) hit a new 52-week low during trading on Thursday. The stock traded as low as GBX 47.90 and last traded at GBX 48, with a volume of 1851177 shares. The stock had previously closed at GBX 49.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on shares of Rockhopper Exploration from GBX 130 to GBX 135 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 135.

Rockhopper Exploration Stock Down 2.6%

The business has a fifty day simple moving average of GBX 70.22 and a 200 day simple moving average of GBX 74.73. The firm has a market cap of £510.20 million, a price-to-earnings ratio of 34.82, a PEG ratio of 0.20 and a beta of 1.18. The company has a debt-to-equity ratio of 33.09, a current ratio of 3.44 and a quick ratio of 2.94.

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.