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

Rockhopper Exploration plc (LON:RKH - Get Free Report) traded down 9.4% during mid-day trading on Tuesday . The company traded as low as GBX 41 ($0.56) and last traded at GBX 47.30 ($0.64). 15,290,653 shares traded hands during 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).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 49 ($0.66) price objective on shares of Rockhopper Exploration in a report on Thursday, May 29th.

Rockhopper Exploration Trading Down 1.3%

The business's 50-day simple moving average is GBX 48.02 and its two-hundred day simple moving average is GBX 36.74. The firm has a market capitalization 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. The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12.

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

Insiders Place Their Bets

In other Rockhopper Exploration news, insider Alison Baker sold 50,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of GBX 47 ($0.64), for a total transaction of £23,500 ($31,847.13). 19.22% of the stock is owned by company 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.