The stock of Rockhopper Exploration Plc (LON:RKH) hit a new 52-week low and has GBX 20.46 target or 4.00% below today’s GBX 21.31 share price. The 7 months bearish chart indicates high risk for the GBX 97.11M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 20.46 price target is reached, the company will be worth GBX 3.88M 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 decreased 2.02% or GBX 0.44 on November 29, hitting GBX 21.31. About 1.25M shares traded hands. Rockhopper Exploration Plc (LON:RKH) has declined 40.82% since April 28, 2016 and is downtrending. It has underperformed by 46.08% 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. Liberum Capital maintained it with “Buy” rating and GBX 123 target price in Wednesday, June 29 report. The stock has “Buy” rating given by Liberum Capital on Monday, November 23. The company was maintained on Tuesday, November 10 by Liberum Capital. The stock has “Speculative Buy” rating given by Canaccord Genuity on Wednesday, August 17. Panmure Gordon maintained it with “Buy” rating and GBX 90 target price in Monday, January 18 report. Liberum Capital maintained it with “Buy” rating and GBX 123 target price in Wednesday, September 14 report. The rating was maintained by Liberum Capital with “Buy” on Tuesday, February 2. The company was maintained on Monday, December 7 by Panmure Gordon. The firm has “Speculative Buy” rating given on Tuesday, August 11 by Beaufort Securities. Canaccord Genuity maintained Rockhopper Exploration Plc (LON:RKH) on Tuesday, May 17 with “Speculative Buy” rating.
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 97.11 million GBP. The Firm is engaged in the exploration and exploitation of its gas and oil acreage. It has a 1.39 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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