Rockhopper Exploration (LON:RKH) Stock Price Down 9.4% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares were down 9.4% during trading on Wednesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). Approximately 15,290,653 shares changed hands during trading, an increase of 340% from the average daily volume of 3,476,915 shares. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 49 ($0.67) price objective on shares of Rockhopper Exploration in a research note on Thursday, May 29th.

Rockhopper Exploration Stock Performance

The stock has a market capitalization of £365.65 million, a P/E ratio of 23,216.83, a P/E/G ratio of 0.20 and a beta of 0.87. The stock has a 50 day moving average of GBX 48.02 and a 200 day moving average of GBX 36.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27.

Rockhopper Exploration (LON:RKH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported GBX 7.20 ($0.10) EPS for the quarter. Equities analysts predict that Rockhopper Exploration plc will post -0.1899958 EPS for the current year.

Insider Transactions at Rockhopper Exploration

In related news, insider Alison Baker sold 50,000 shares of Rockhopper Exploration stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,912.00). Company insiders own 19.22% of the company's stock.

About Rockhopper Exploration

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.