Rockhopper Exploration (LON:RKH) Stock Price Down 15.2% – Should You Sell?

Rockhopper Exploration plc (LON:RKH)’s stock price dropped 15.2% on Monday. The stock traded as low as GBX 48 and last traded at GBX 51.50. Approximately 21,302,566 shares were traded during trading, an increase of 575% from the average session volume of 3,154,413 shares. The stock had previously closed at GBX 60.70.

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Price Performance

The company has a quick ratio of 2.94, a current ratio of 3.44 and a debt-to-equity ratio of 33.09. The company has a market capitalization of £637.64 million, a P/E ratio of 37.59, a P/E/G ratio of 0.20 and a beta of 1.18. The company’s 50-day simple moving average is GBX 71.55 and its 200 day simple moving average is GBX 75.23.

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.