Rockhopper Exploration (LON:RKH) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.28 and traded as high as GBX 82.40. Rockhopper Exploration shares last traded at GBX 79, with a volume of 5,823,871 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Rockhopper Exploration from GBX 78 to GBX 113 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 113.

Rockhopper Exploration Price Performance

The stock’s 50-day moving average is GBX 80.61 and its 200 day moving average is GBX 76.29. The company has a debt-to-equity ratio of 18.89, a current ratio of 2.07 and a quick ratio of 2.94. The company has a market cap of £676.18 million, a PE ratio of -6.99, a PEG ratio of 0.20 and a beta of 0.01.

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.