Rockhopper Exploration (LON:RKH) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Rockhopper Exploration plc (LON:RKH)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 75.10 and traded as low as GBX 72.38. Rockhopper Exploration shares last traded at GBX 72.80, with a volume of 6,033,561 shares.

Analysts Set New Price Targets

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

Rockhopper Exploration Stock Performance

The firm has a fifty day moving average of GBX 73.13 and a 200-day moving average of GBX 75.10. 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 firm has a market cap of £624.87 million, a P/E ratio of -6.46, a PEG ratio of 0.20 and a beta of 0.87.

Insider Buying and Selling at Rockhopper Exploration

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