The stock of Rockhopper Exploration Plc (LON:RKH) hit a new 52-week low and has GBX 21.81 target or 11.00% below today’s GBX 24.50 share price. The 8 months bearish chart indicates high risk for the GBX 112.04 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the GBX 21.81 price target is reached, the company will be worth GBX 12.32M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 5.38% or GBX 1.25 on November 9, hitting GBX 24.5. About 1.37M shares traded hands or 0.74% up from the average. Rockhopper Exploration Plc (LON:RKH) has declined 19.83% since April 8, 2016 and is downtrending. It has underperformed by 24.61% the S&P500.
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 firm has “Speculative Buy” rating given on Monday, August 10 by Canaccord Genuity. Beaufort Securities maintained the stock with “Speculative Buy” rating in Wednesday, November 18 report. The stock of Rockhopper Exploration Plc (LON:RKH) earned “Speculative Buy” rating by Beaufort Securities on Thursday, January 7. The stock has “Restricted” rating given by Canaccord Genuity on Tuesday, November 24. The company was maintained on Tuesday, September 29 by Canaccord Genuity. The rating was maintained by Liberum Capital with “Buy” on Tuesday, August 11. On Monday, November 16 the stock rating was maintained by Liberum Capital with “Buy”. Beaufort Securities maintained the shares of RKH in a report on Wednesday, November 11 with “Speculative Buy” rating. As per Monday, January 18, the company rating was maintained by Panmure Gordon. The stock has “Speculative Buy” rating given by Beaufort Securities on Tuesday, January 12.
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 112.04 million GBP. The Firm is engaged in the exploration and exploitation of its gas and oil acreage. It has a 1.58 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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