Rockhopper Exploration (LON:RKH) Shares Down 9.4% - Time to Sell?

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

Wall Street Analyst Weigh In

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 report on Thursday, May 29th.

Rockhopper Exploration Trading Down 1.3%

The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The company's fifty day moving average is GBX 48.02 and its two-hundred day moving average is GBX 36.74. The stock has a market cap of £365.65 million, a price-to-earnings ratio of 23,216.83, a PEG ratio of 0.20 and a beta of 0.87.

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

Insider Activity at Rockhopper Exploration

In related news, insider Alison Baker sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,912.00). 19.22% of the stock is currently owned by corporate insiders.

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.