What’s Next for Rockhopper Exploration Plc After Today’s Huge Decline?

 What's Next for Rockhopper Exploration Plc After Today's Huge Decline?

The stock of Rockhopper Exploration Plc (LON:RKH) is a huge mover today! The stock decreased 3.06% or GBX 0.75 on November 8, hitting GBX 23.75. About 2.46M shares traded hands or 84.96% up from the average. Rockhopper Exploration Plc (LON:RKH) has declined 10.09% since April 7, 2016 and is downtrending. It has underperformed by 12.05% the S&P500.
The move comes after 7 months negative chart setup for the GBX 107.95 million company. It was reported on Nov, 8 by Barchart.com. We have GBX 21.38 PT which if reached, will make LON:RKH worth GBX 10.80M less.

Rockhopper Exploration Plc (LON:RKH) Ratings Coverage

Out of 7 analysts covering Rockhopper Exploration PLC (LON:RKH), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Rockhopper Exploration PLC has been the topic of 41 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Rockhopper Exploration Plc (LON:RKH) has “Speculative Buy” rating given on Monday, September 28 by Beaufort Securities. The stock of Rockhopper Exploration Plc (LON:RKH) earned “Buy” rating by Liberum Capital on Monday, November 23. As per Wednesday, November 25, the company rating was maintained by Beaufort Securities. The stock has “Speculative Buy” rating given by Canaccord Genuity on Monday, February 15. Liberum Capital maintained Rockhopper Exploration Plc (LON:RKH) rating on Thursday, January 21. Liberum Capital has “Buy” rating and GBX 96 price target. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, February 4 report. Beaufort Securities maintained Rockhopper Exploration Plc (LON:RKH) on Wednesday, September 16 with “Speculative Buy” rating. The firm has “Speculative Buy” rating by Canaccord Genuity given on Wednesday, September 14. As per Tuesday, January 12, the company rating was maintained by Beaufort Securities. The firm has “Speculative Buy” rating by Canaccord Genuity given on Friday, September 11.

More news for Rockhopper Exploration Plc (LON:RKH) were recently published by: Fool.Co.Uk, which released: “Why I’d Sell Rockhopper Exploration Plc And Buy Faroe Petroleum plc And …” on March 29, 2016. Fool.Co.Uk‘s article titled: “Is The Merger Between Rockhopper Exploration Plc & Falkland Oil and Gas …” and published on November 24, 2015 is yet another important article.

Rockhopper Exploration plc is an oil and gas exploration and production company. The company has a market cap of 107.95 million GBP. The Firm is engaged in the exploration and exploitation of its gas and oil acreage. It has a 1.53 P/E ratio. The Firm operates through three divisions, which include the gas and oil exploration activities in the geographical regions of the Falkland Islands, and the Greater Mediterranean region, as well as its corporate activities centered in the United Kingdom.

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